FxWirePro: ETH/USD upside capped by 10-DMA, bias lower
(Refer ETH/USD chart on Trading View)
ETH/USD dropped to 268 levels on Monday as it failed to hold above 300.
It is currently trading at 282 levels at the time of writing (Coinbase).
On the upside, immediate resistance is seen at 291 (10-DMA) and a consistent break above would target 300/334 (21-EMA)/365 (3h 200-SMA)/400.
On the flipside, support is seen at 265 (78.6% retracement of 250 and 322) and any violation would drag it to 250 (August 14 low)/ 230/200.
Bias remains bearish on the daily chart with RSI and stochs near oversold levels. The pair has found support near 78.6% fib and a break below will see it re-testing 250 levels.
Call update: We recommended going short in our previous call. TP1 has been hit.
Recommendation: Bias lower, stay short. SL: 340. TP: 250.
February 18 03:30 UTC Released
THAnnual GDP Growth
Actual
4.1 Percent
Forecast
Previous
3.9 Percent
February 18 02:30 UTC Released
THGDP Growth QQ SA
Actual
0.8 %
Forecast
0.6 %
Previous
January 31 00:00 UTC 552121m
ARAnnual Primary Balance*
Actual
Forecast
2016 bln ARS
Previous
Bln AR bln ARS
January 31 00:00 UTC 552121m
ARAnnual Primary Balance*
Actual
Forecast
2016 bln ARS
Previous
Bln AR bln ARS
January 22 19:00 UTC 563941m
ARTrade Balance
Actual
Forecast
Previous
-1541 %
January 31 00:00 UTC 552121m
ARAnnual Primary Balance*
Actual
Forecast
2016 bln ARS
Previous
Bln AR bln ARS
January 22 19:00 UTC 563941m
ARTrade Balance
Actual
Forecast
Previous
-1541 %
January 31 00:00 UTC 552121m
ARAnnual Primary Balance*
Actual
Forecast
2016 bln ARS
Previous
Bln AR bln ARS
January 31 00:00 UTC 552121m
ARAnnual Primary Balance*
Actual
Forecast
2016 bln ARS
Previous
Bln AR bln ARS
January 31 00:00 UTC 552121m
ARAnnual Primary Balance*
Actual
Forecast
2016 bln ARS
Previous
Bln AR bln ARS