FxWirePro: ETH/EUR extends break above 38.2% Fib, bias higher, stay long

• ETH/EUR is extending break above 38.2% Fib and is trading 3.28% higher on the day.
   
• The pair is trading with a bullish momentum and decisive close above 100-DMA has raised scope for test of 50% Fib at 725 levels.
   
• RSI shows strength above 70 levels and Stochs are highly bullish. MACD supports trend and we see +ve DMI dominance.
   
• Price action is above major moving averages and daily cloud, bias higher.
   
• Next major resistance lies at 50% Fib at 725 ahead of 794 (Feb 18 high). We see weakness only below 100-DMA.

Support levels - 621 (38.2% Fib), 599 (5-DMA), 567 (100-DMA)

Resistance levels - 700, 725 (50% Fib), 794 (Feb 18 high)

Call update: Our previous call (https://www.econotimes.com/FxWirePro-ETH-EUR-tests-110-EMA-at-514-good-to-go-long-on-decisive-break-above-520-200-DMA-1267350) has hit all targets.

Recommendation: Book partial profits at highs. Trail SL to 575. Hold for 700/ 725/ 800

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