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FxWirePro- Major Pair levels and bias summary 
- ETH/EUR upside rejected at 21-EMA, pair extends lower after failure to break out of slopping channel.
- Price has failed multiple tests at channel top resistance and any further upside only on break above.
- 21-EMA is also stiff resistance currently at 409 levels. Upside on the day has been struggling at extend gains above 400 mark.
- Price action in the pair remains below major EMAs and well below the daily cloud.
- Break above 21-EMA (409) could see further upside in the pair. Next major resistance lies at 440 (61.8% Fib).
- Downside has strong support at major trendline at 355, close below 5-DMA could see drag till 355 levels. Further weakness only on break below.
- Technical indicators are bearish, but we see bullish divergence on RSI and Stochs which keeps scope for upside.
Recommendation: Good to short upticks around 395/398, SL: 410, TP: 375/ 355
