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BTC/EUR Short Term Outlook

Friday, April 10, 2015 7:10 AM UTC

BTC/EUR has broken major support 227 and this confirms short term weakness decline till 217 cannot be ruled out.
On the upside minor resistance is around 238 (200 day 4HEMA) and any break above would extend gains till 249/257 in short term. The pair's short term support is around 224 and any break below will extend loss till 217/211.

Indicators (4 Hour chart)

CCI (50) - Sell

CCI (14) - Sell

Recommendation: Sell BTC/EUR around 234 SL 241, Target 217.

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BTC/EUR Short Term Outlook

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