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BTC/EUR has broken major support at 2000 and declined till 1987 levels (CEXIO). The pair shown a minor recovery till 2068 and is currently trading around 2050 at the time of writing.
Ichimoku analysis of daily chart indicates:
Tenkan-Sen level: 2172
Kijun-Sen level: 2276
Major reversal level -2715 (Jun 12th 2017 high)
Long-term trend remains to be bullish. BTC/EUR faces strong support at 1965 (89- day EMA) and break below targets 1770/1500.
Major resistance is around 2149 (55- day EMA) and any break above will take the pair to next level till 2200/2276 (daily Kijun-Sen). Short term support is seen at 1965 (89- day EMA) and any break below will drag the pair down till 1770/1502.
It is good to sell on rallies around 2150 with SL around 2325 for the TP of 1770/1505.
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FxWirePro: BTC/EUR downside capped by 89- day EMA, break below confirms minor weakness
Wednesday, July 12, 2017 8:59 AM UTC
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