BTC/EUR Short Term Outlook

• 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.