- BTC/EUR is trading in a 'Symmetric Triangle' pattern and price action is currently holding strong support at 5300 (Triangle Base).
- The pair is trading with a major bearish bias and we see scope for further weakness on break below triangle base.
- Price has slipped below strong support at 78.6% Fib at 5488 and close below will add the bearish bias.
- Next major support below channel base lies at 4712 (Feb 6th low) ahead of 4092 (88.6% Fib).
- On the flipside, we see immediate resistance at 21-EMA at 6230. Break above to see minor upside.
Support levels - 5300 (major trendline), 4712 (Feb 6th low), 4092 (88.6% Fib)
Resistance levels - 5643 (5-DMA), 6230 (21-EMA), 6825 (trendline)
Recommendation: Watch out for break below 5300 to go short, SL: 5800, TP: 5000/ 4720/ 4100.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


Major European Indices Trend Scores: DAX & CAC40 Hit Perfect 100, FTSE100 at 85 — All Bullish with Key Levels to Watch
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2
FxWirePro: USD/ZAR faces downside pressure with 38.2%fib support in focus
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure
FxWirePro: USD/CNY edges higher, outlook bearish
Currency Scores of Major Pairs: GBPUSD, AUDUSD & NZDUSD Top Charts at 85 — Bullish Pairs to Watch
FxWirePro- Major Crypto levels and bias summary
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
FxWirePro: GBP/AUD under pressure as the pair continues to weaken 



