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BTC/EUR Short Term Outlook

Friday, March 27, 2015 10:38 AM UTC

BTC/EUR has broken major support 240 and is currently trading around trend is bearish as long as resistance 257 holds.
Short term trend is weak and decline till 190 is possible.
On the upside major resistance is around 257 and any break above would extend gains till 270/278 in short term.
It is good to sell on rallies around 245 for the target of 217.

Indicators (4 Hour chart)

CCI (50) - Sell

CCI (14) - Sell

CCI (14)-Neutral

Recommendation: Sell BTC/EUR around 245 SL 258, Targets 217/190.

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BTC/EUR Short Term Outlook

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