BTC/EUR Short Term Outlook

• BTC/EUR is trading near major support $240 and any break below will drag the pair further down till 230/217 in short term.
  
  
• On the upside major resistance is around 257 and any break above would extend gains till 270/278 in short term.
  
  
• It is good to sell on rallies around 250 for the target of 217.

Indicators (4 Hour chart)

CCI (50) - Sell

CCI (14) - Sell

CCI (14)-Neutral              

Recommendation: Sell BTC/EUR around 250 SL 258, Targets 230/217.