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Crypto Technicals: ETH/EUR bounces off 21-EMA support, scope for further upside

Thursday, April 18, 2019 12:36 PM UTC

ETH/EUR chart - Trading View

Exchange - Kraken

Support: 143.60 (21-EMA); Resistance: 157.45 (18th Nov high)

Technical Analysis: Bias Turning Bullish

- ETH/EUR has edged above 200-DMA and daily cloud
- Price action hit multi-week highs at 166.80 and has since pared some gains
- Pullback has held support at 21-EMA and the pair has resumed upside
- The pair is extending gains for the 3rd straight session
- +ve DMI is rising, RSI above 60, potential 'Golden Cross' formation on daily charts
- Scope for gains till 169.80 (trendline). Break below 21-EMA will see dip till 200-DMA

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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Crypto Technicals: ETH/EUR bounces off 21-EMA support, scope for further upside

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