- ETH/EUR upside rejected at 21-EMA, pair slips below 400 handle to close Tuesday's trade at 396 levels.
- The pair retraces from session lows at 387 and is currently trading at 401 levels at the time of writing.
- Price action in the pair remains below major EMAs and well below the daily cloud.
- The pair is trading in a downward slopping channel and price is currently hovering around channel top resistance.
- Break above 21-EMA (412) 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.
- Technical indicators are still bearish, but we see bullish divergence on RSI and Stochs which keeps scope for upside.
Recommendation: We prefer to wait for clear directional bias.


Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro- Major Crypto levels and bias summary
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: USD/JPY holding bid into weekend
Bitcoin’s Islamabad Watch: BTCUSD Consolidates Near 71,421 USD as Geopolitical Peace Talks Loom
U.S. Pushes for Crypto Regulation to Keep Digital Asset Growth at Home
FxWirePro- Major Crypto levels and bias summary
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD extends decline on broad dollar weakness 



