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BTC/EUR Short term outlook

  • BTC/EUR has retreated after making a high of 224. Overall trend is weak as long as resistance 225 holds.

  • On the upside minor resistance is around 225 (200 day 4HMA) and any break above would extend gains till 235/240 in short term. The pair's short term support is around 206 and any break below will extend loss till 200/193.

Indicators (4 Hours chart)

Woddies CCI (14) - Neutral        

CCI (50) - Sell

Ichimoku- Neutral          

We prefer to Sell BTC/EUR around 217 SL 225, Targets 208/200. 

 

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