BTC/EUR Short Term Outlook

• 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

CCI (14) - Sell     

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