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FxWirePro: BTC/EUR trades well above 1200, jump till 1350 likely

Friday, April 28, 2017 8:34 AM UTC

BTC/EUR has broken major resistance at 1237 (78.6% retracement of 1350 and 826.60) and jumped till 1259 levels (COINBASE). It is currently trading around 1232 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 1180

Kijun-Sen level: 1129

Major reversal level -879.89 (200- day MA)

Long-term trend remains to be bullish. BTC/EUR trades well above psychological resistance at 1200 and jump till 1350 is possible.

Major resistance is around 1290 (88.6% retracement of 1350 and 826) and any break above will take the pair to next level till 1350. Short term support is seen at 1180 (daily Tenken-Sen) and any break below will drag the pair down till 1149 (21 day EMA) /1082 (55- EMA).

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Digital Currency Revolution

FxWirePro: BTC/EUR trades well above 1200, jump till 1350 likely

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