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FxWirePro: ETH/EUR faces strong resistance at 12.92, break above targets 13.74

ETH/EUR is seen trading slightly below on Thursday. The pair has formed a temporary top around 12.799 on Feb 14th, 2017 high and declined till 11.91 from that levels (KRAKEN). It is currently trading at 12.12 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 11.33

Kijun-Sen level: 11.25

Minor trend reversal level- 12.92 (Sep 21st 2016 high)

Major Trend reversal level - (89 day EMA) – 9.688

Long-term trend remains to be neutral. ETH/EUR faces strong resistance at 12.92 (Sep 21st high) and any break above confirms further bullishness.

The major resistance is around 12.92 (Sep 21st high) and any break above targets 13.74 (Jul 23rd high). Short-term support is seen at 11.80 (23.6% retracement of 8.64 and 12.799) and any break below will drag the pair till 11.25 (daily Kijun-Sen)/10.95 (10- day MA).

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March 24 14:30 UTC Released

USECRI Weekly Annualized*

Actual

9.0 %

Forecast

Previous

9.6 %

March 24 14:30 UTC Released

USECRI Weekly Index*

Actual

144.6 %

Forecast

Previous

145.5 %

March 27 08:00 UTC 185185m

DEReal GDP YY*

Actual

Forecast

111.0 %

Previous

111.0 %

March 27 08:00 UTC 185185m

EZIfo Expectations*

Actual

Forecast

104.0 %

Previous

104.0 %

March 27 08:00 UTC 185185m

DEIfo Expectations*

Actual

Forecast

104.3

Previous

104.0

March 27 08:00 UTC 185185m

DEIfo Current Conditions*

Actual

Forecast

118.3 %

Previous

118.4 %

March 27 09:00 UTC 245245m

EZIfo Expectations*

Actual

Forecast

4.9 %

Previous

4.9 %

March 27 09:00 UTC 245245m

TRLoans to Non-Fin

Actual

Forecast

Previous

2.3 %

March 27 09:00 UTC 245245m

EZLoans to Non-Fin

Actual

Forecast

Previous

2.3 %

March 27 09:00 UTC 245245m

EZLoans to Households*

Actual

Forecast

2.3 %

Previous

2.2 %

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