BTC/EUR Short Term Outlook

• BTC/EUR has slightly recovered after making a low of 224 and intraday trend is weak as long as resistance 240 holds.
  
  
• On the upside major resistance is around 240 and any break above would extend gains till 246/257 in short term.

Indicators (4 Hour chart)

CCI (50) - Sell

CCI (14) - Sell

CCI (14)-Neutral              

Recommendation: Sell BTC/EUR around 232 SL 240, Targets 224/217.