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FxWirePro: ETH/EUR trades in narrow range, further bullishness only above 49.50

ETH/EUR is seen trading slightly below in red on Friday and the pair is trading in a narrow range between 47.08 and 44 for the past three trading session. It is currently trading around 45.39 at press time.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 44.30

Kijun-Sen level: 43.94

Major Trend reversal level - (Mar 18th, 2017 low) – 28

Long-term trend remains to be bullish. ETH/EUR faces strong resistance at temporary top formed at 49.50 and any break below confirms major bullishness.

The major resistance is around 49.48 (Mar 29th, 2017 high) and any break above targets 56.32 (161.8%T retracement of 49.48 and 38.40). Short term support is seen at 43.94 (daily Kijun-Sen) and any break below will drag the pair till 41.37 (23.6% retracement of 49.48 and 38.40)/ 38.40 (Apr 4th low)/35 (Mar 22nd low).

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January 19 15:30 UTC Released

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4.5 %

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3.3 %

January 19 15:30 UTC Released

USECRI Weekly Index

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150.3 %

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147.6 %

January 21 02:00 UTC 15111511m

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6.9 0

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1.3 0

January 21 21:00 UTC 26512651m

KRPPI Growth YY

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3.1 %

January 21 21:00 UTC 26512651m

KRPPI Growth

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-0.1 %

January 21 23:00 UTC 27712771m

JPReuters Tankan DI

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27 k

January 22 07:00 UTC 32513251m

NOIndus Confidence

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2 0

January 22 08:00 UTC 33113311m

TWJobless Rate

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3.69 0

January 22 08:00 UTC 33113311m

TWExport Orders YY

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11.6 0

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