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FxWirePro: ETH/EUR hits new life time high, good to buy on dips

Thursday, May 4, 2017 11:04 AM UTC

ETH/EUR pair broken the all-time high of 73.66 made yesterday and jumped till 81.01 (KRAKEN) at the time of writing. Short term trend is bullish as long as support 60 holds. It is currently trading around 80.46 at press time.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 73.01

Kijun-Sen level: 69.612

Minor Trend reversal level - (May 1st low) – 61.25

Long-term trend remains to be bullish. ETH/EUR hits fresh all time high and further jump till 90.91/100 likely.

The major resistance is around 81.36 (200% projection of 28 to 49.48 from 38.40) and any break above targets 90.91 (100% projection of 44 and 73.66 to 61.25)/94.63. Short term support is seen at 71.96 (10- MA) and any break below will drag the pair till 69.62 (daily Kijun-Sen)/ 64.78 (38.2% retracement of 38.40 and 81.03)/61.25.

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Digital Currency Revolution

FxWirePro: ETH/EUR hits new life time high, good to buy on dips

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