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FxWirePro: BTC/EUR trades higher, minor bullishness above 1188 level

Wednesday, April 26, 2017 7:35 AM UTC

BTC/EUR has broken minor resistance at 1172 high made on Apr 21st 2017 high and jumped till 1181.52 (COINBASE). It is currently trading around 1180.17 at the time of writing.

Ichimoku analysis (Daily chart):

Tenkan-Sen level: 1143

Kijun-Sen level: 1077

Major reversal level -873 (200- day MA)

Long-term trend remains to be bullish. BTC/EUR is facing major resistance at 1188 and minor bullishness can be seen only above that level.

Major resistance is around 1188 (Mar 14th 2017 high) and any break above will take the pair to next level till 1235 (Mar 3rd 2017 high)/1290 (88.6% retracement of 1350 and 826). Short term support is seen at 1143 (daily Teneken-Sen) and any break below will drag the pair down till 1125 (21 day EMA) /1078 (55- EMA).

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Digital Currency Revolution

FxWirePro: BTC/EUR trades higher, minor bullishness above 1188 level

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