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FxWirePro: BTC/EUR struggles to close below 2000 level, good to buy on dips

Thursday, July 13, 2017 5:52 AM UTC

BTC/EUR has recovered slighty after hitting low of 1987 Jul 12th 2017 (CEXIO). The pair shown a minor recovery till 2145 at the time of writing and is currently trading around 2144 at press time.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 2160

Kijun-Sen level: 2264

Major reversal level -2715 (Jun 12th 2017 high)

Long-term trend remains to be bullish. BTC/EUR faces strong support at 2000 and any daily close below confirms minor weakness.

Major resistance is around 2149 (55- day EMA) and any break above will take the pair to next level till 2200/2264 (daily Kijun-Sen). Short term support is seen at 2000 and any close below will drag the pair down till 1941 (cloud bottom)/1770.

It is good to buy on dips around 2050 with SL around 1987 for the TP of 2145/2260.

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Digital Currency Revolution

FxWirePro: BTC/EUR struggles to close below 2000 level, good to buy on dips

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