- BTC/EUR extends weakness for 2nd straight session, trades 0.78% lower on the day.
- The pair was rejected at 21-EMA which is stiff resistance at 6623. Any further gains only on break above.
- Price action has slipped below 5-DMA and has broken below 61.8% Fib at 6392.
- Price remains below daily Ichimoku cloud and major EMAs.
- Technical studies support further weakness in the pair. Scope for test of 78.6% Fib at 5876.
Support levels - 6075 (May 29 low), 6000, 5876 (78.6% Fib)
Resistance levels - 6392 (61.8% Fib), 6476 (5-DMA), 6624 (21-EMA)
Recommendation: Good to stay short on upticks, SL: 6625, TP: 6165/ 6075/ 5880
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest.


FxWirePro: USD/ZAR hits three-week high after hot U.S. PPI data
EURUSD Holds Above 1.1600 Despite US CPI, Fed Rate Hike on the Horizon
Gold Loses Luster Amid Rising US Bond Yields, Iran Conflict; Sell on Rallies Advised
AUDJPY Trades in Narrow Range, Bearish Indicators Suggest Selling on Rallies
FxWirePro: GBP/USD gains some upside momentum but still bearish
FxWirePro: USD/CNY sees some bounce after yesterday's fall
FxWirePro: GBP/NZD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary 



