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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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June 28 15:30 UTC Released

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Actual

-5.279 bln

Forecast

Previous

-3.401 bln

June 28 14:30 UTC Released

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Actual

-0.2 %

Forecast

Previous

-0.2 %

June 28 19:00 UTC 195195m

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Actual

Forecast

1.9 %

Previous

0.8 %

June 28 21:00 UTC 315315m

KRBOK Manufacturing BSI*

Actual

Forecast

Previous

82 bln

June 28 23:50 UTC 485485m

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Actual

Forecast

2.6 bln JPY

Previous

3.2 bln JPY

June 28 23:50 UTC 485485m

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Actual

Forecast

Previous

1090.1 bln JPY

June 28 23:50 UTC 485485m

JPForeign Invest JP Stock

Actual

Forecast

Previous

-331.6 bln JPY

June 28 23:50 UTC 485485m

JPForeign Bond Investment

Actual

Forecast

Previous

1090.1 bln JPY

June 28 23:50 UTC 485485m

DERetail Sales YY

Actual

Forecast

2.6 %

Previous

3.2 %

June 28 23:50 UTC 485485m

JPForeign Bond Investment

Actual

Forecast

Previous

1090.1 bln JPY

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