FxWirePro: ETH/EUR tests minor resistance at 955, breakout to see further upside

• ETH/EUR has paused upside at minor resistance at 955 which is 141.4% Fib extension of 167.22 to 725 rally.
   
• Breakout at 955 to see further upside. Next bull target lies at 1000 level.
   
• Technical studies are bullish. We see RSI strength at 80 levels with room to run further.
   
• Momentum studies are bullish and ADX supports trend higher, Bollinger bands are also widening.
   
• On the downside, break below 5-DMA at 856.46 could see some weakness. Scope then for test of 725 levels.

Support levels - 856 (5-DMA), 725 (Dec 19 high), 687 (20-DMA)

Resistance levels - 955 (141.4% Fib extension of 167.22 to 725 rally), 1000, 1069 (161.8% Fib extension)

Call update: Our previous call (https://www.econotimes.com/FxWirePro-ETH-EUR-long-opportunity-1083184) has hit TP 1/2.

Recommendation: Book partial profits, trail stop loss to 855, hold for 1000.

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