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FxWirePro: BTC/EUR upside capped by 38.2% fibo, good to sell on rallies

BTC/EUR is trading in a narrow range between 776 and 900 for the past three trading sessions (COINBASE). It is currently trading around 859 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 944.22

Kijun-Sen level: 922.63

Major reversal level -751 (89- day EMA)

Long-term trend remains to be bullish. In the daily chart, BTC/EUR upside capped by 38.2% fibo and any break above will take the pair till 1000 level.

Major resistance is around 904.50 (38.2% retracement of 1111.56 and 776) and any break above will take the pair to next level till 944 (daily Tenken-Sen)/983.50 (61.8% retracement of 1111 and 776.89)/1000. Short-term support is seen at 795 (60- day EMA) and any break below will drag the pair till 751 (89- day EMA)/776 (Jan 7th 2017 low).

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2017-09-22 21:05:48
0m

September 22 14:30 UTC Released

USECRI Weekly Annualized*

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0.0 %

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0.3 %

September 22 14:30 UTC Released

USECRI Weekly Index*

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143.4 %

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143.3 %

September 25 00:30 UTC 10571057m

JPNikkei Mfg PMI

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52.2 bln $

September 25 08:00 UTC 15071507m

DEIfo Business Climate*

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116.0 %

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115.9 %

September 25 08:00 UTC 15071507m

DEIfo Current Conditions*

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124.8 %

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124.6 %

September 25 08:00 UTC 15071507m

DEIfo Expectations*

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107.9 %

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107.9 %

September 25 11:30 UTC 17171717m

TRCapacity Utilisation*

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78.8 %

September 25 11:30 UTC 17171717m

TRManufacturing Confidence*

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110.7 %

September 25 12:30 UTC 17771777m

USNational Activity Index*

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-0.01 %

September 25 13:00 UTC 18071807m

MXIGAE Econ Activity YY

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2.4 %

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