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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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Fintech Week Chicago

April 26 01:30 UTC Released

AUCPI Index Number*

Actual

110.5 %

Forecast

Previous

110.0 %

April 26 01:30 UTC Released

AURBA Weightd Medn CPI YY*

Actual

1.7 %

Forecast

1.8 %

Previous

1.5 %

April 26 03:30 UTC 8282m

IDFDI Growth YY*

Actual

Forecast

Previous

2.10 %

April 26 03:30 UTC 8282m

IDFDI Growth YY*

Actual

Forecast

Previous

2.10 %

April 26 06:45 UTC 277277m

FRCPI Index Number*

Actual

Forecast

100 %

Previous

100 %

April 26 06:45 UTC 277277m

ZAPPI YY*

Actual

Forecast

100 %

Previous

100 %

April 26 06:45 UTC 277277m

ZAPPI MM*

Actual

Forecast

100 %

Previous

100 %

April 26 08:30 UTC 382382m

TRO/N Lending Rate*

Actual

Forecast

Previous

5.60 %

April 26 08:30 UTC 382382m

TRPPI YY*

Actual

Forecast

Previous

5.60 %

April 26 09:30 UTC 442442m

ZAPPI MM*

Actual

Forecast

Previous

0.60 %

Fintech Week Chicago
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