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ETH/EUR pair has slightly recovered till 195 after hitting low of 155 (KRAKEN). It is currently trading around 180 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 202
Kijun-Sen level: 254
Minor Trend reversal level - (61.8% Fibo) – 155
Long-term trend remains bullish.ETH/EUR faces strong resistance at 200 level and any close above will take the pair till 229.
The major resistance is around 202 (daily Tenkan-Sen) and any break above targets 219 (55- EMA)/229 (21- EMA)/254. Short term support is seen at 156 and any break below will drag the pair till 113/87 (200- MA).
It is good to sell on rallies around 200-205 with SL around 229 for the TP of 115.
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FxWirePro: ETH/EUR struggles to close above 200 level, good to sell on rallies
Friday, July 14, 2017 11:40 AM UTC
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