- BTC/EUR trades 5.30% lower on the day as crypto markets saw bloodbath on Thursday's trade.
- Major crypto pairs have seen a sharp drop after a prolonged period of sideways trade.
- Today's drop has likely kick-started a bearish move in the pair.
- Technical studies on the daily charts have turned bearish. Stochs and RSI have fallen sharply.
- Price action has broken down the lower Bollinber Band and we see volatility is rising.
- The pair is trading in a 'Symmetric Triangle' pattern and finds strong support at triangle base at 5355.
- Break below 5355 raises scope for test of 5000 levels. Bearish invalidation only on break above Triangle top.
Recommendation: Good to stay short on break below 5355, SL: 5500, target 5000
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: USD/CNY bears maintain upper hand
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro- Major Crypto levels and bias summary
ETH Cracks $2,100 in Bitcoin’s Wake as Bearish EMA Stack Deepens; Sellers Target $1,900 on Rallies
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY edges higher but bulls lack punch 



