Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Crypto Technicals: ETH/EUR retraces with 'Hammer' formation, breakout at 50H SMA (240) to see further upside

ETH/EUR chart - Trading View 

Exchange - Coinbase

Support: 228 (converged 20-DMA and 21-EMA) ; Resistance: 250 (Upper BB)

Technical Analysis: Bias Bullish

ETH/EUR pares most of previous session's losses, trades 1.63% higher at 240.17 at 07:30 GMT.

The pair has retraced from session lows with a hammer formation on the 4H charts. 'Golden Cross' adds to the bullish bias.

Price action is currently struggling at 50H SMA at 240, breakout there could propel the pair higher.

Major trend in the pair is bullish. GMMA indicator shows near and long term bullishness for the pair.

Correction failed to break below 200H SMA and bullish 5-DMA crossover on 20-DMA to see bullish resumption. 

Upper Bollinger band at 250 could offer minor resistance before bulls retake 2019 highs at 260.

Strong support seen at 228 (converged 20-DMA and 21-EMA). Break below could see further weakness.

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

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 773654773654m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 773654773654m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 785474785474m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 773654773654m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 785474785474m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 773654773654m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 773654773654m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 773654773654m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.