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FxWirePro: ETH/USD trades flat with upside capped by 20-DMA, intraday bias neutral

ETH/USD remains rangebound on Monday as its upside is capped by 20-DMA. It is currently trading at 862 levels at the time of writing (Kraken).

On the upside, the pair faces resistance at 878 (20-DMA) and a break above would see it testing 900/939 (50-DMA)/964 (upper Bollinger). Further strength would target 1000/1053 (Cloud top).

On the downside, support is seen at 832 (100-DMA) and a break below would drag the pair to 792 (Lower Bollinger)/733 (61.8% retracement of 201.28 and 1594.89). Further weakness would see it testing 700.

Momentum studies: Bias appears neutral on the daily chart with extremely rangebound price action from last couple of sessions. Traders are preferred to wait for a clear directional bias.

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December 16 00:00 UTC Released

IDCar Sales YY

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6.8 %

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December 16 00:00 UTC Released

ARReal Weekly Earnings MM

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9.1 %

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January 31 00:00 UTC 459554459554m

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January 22 19:00 UTC 471374471374m

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-1541 %

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January 22 19:00 UTC 471374471374m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 459554459554m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 459554459554m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 459554459554m

ARAnnual Primary Balance*

Actual

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2016 bln ARS

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Bln AR bln ARS

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