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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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January 19 15:30 UTC Released

USECRI Weekly Annualized

Actual

4.5 %

Forecast

Previous

3.3 %

January 19 15:30 UTC Released

USECRI Weekly Index

Actual

150.3 %

Forecast

Previous

147.6 %

January 21 02:00 UTC 788788m

PHGDP YY

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Previous

6.9 0

January 21 02:00 UTC 788788m

PHGDP QQ

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Forecast

Previous

1.3 0

January 21 21:00 UTC 19281928m

KRPPI Growth YY

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Forecast

Previous

3.1 %

January 21 21:00 UTC 19281928m

KRPPI Growth

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Forecast

Previous

-0.1 %

January 21 23:00 UTC 20482048m

JPReuters Tankan DI

Actual

Forecast

Previous

27 k

January 22 07:00 UTC 25282528m

NOIndus Confidence

Actual

Forecast

Previous

2 0

January 22 08:00 UTC 25882588m

TWJobless Rate

Actual

Forecast

Previous

3.69 0

January 22 08:00 UTC 25882588m

TWExport Orders YY

Actual

Forecast

Previous

11.6 0

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