BTC/EUR Daily outlook

BTC/EUR declined till 196 and has recovered from that level. Short term trend is bullish as long as support 195 holds

On the upside minor resistance is around 225 and any break above would extend gains till 218/225 in short term. The pair's short term support is around 211 and any break below will extend loss till 200/193.

Indicators (Daily chart)

 CCI (14) - Buy

CCI (50) - Buy

Ichimoku- Buy  

We prefer to buy BTC/EUR around 215 for the target of 225 with stop around 210.