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ETH/EUR pair hits fresh life time high after breaking yesterday high of 85.78 and jumped till 87.98 levels (KRAKEN). Minor term trend is bullish as long as support 76 holds. It is currently trading around 87.02 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 65.76
Kijun-Sen level: 63.01
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 90.91 (100% projection of 44 and 73.66 to 61.25) and any break above targets 94.63/100. Short term support is seen at 76.25 (23.6% retracement of 38.40 and 87.98) and any break below will drag the pair till 70 (7-day MA)/ 63 (daily Kijun-Sen).
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FxWirePro: ETH/EUR trades higher, further jump till 94 likely
Friday, May 5, 2017 11:02 AM UTC
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