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BTC/EUR Short Term Outlook

Monday, April 13, 2015 7:02 AM UTC

BTC/EUR has broken major support 227 and declined till 220. Overall trend is weak as long as resistance 235 holds.
On the upside minor resistance is around 235 (Ichimoku cloud top) and any break above would extend gains till 244.50/257 in short term. The pair's short term support is around 220 and any break below will extend loss till 211/204.

Indicators (4 Hour chart)

CCI (50) - Sell

CCI (14) - Buy

CCI (14) - Sell

Recommendation: Sell BTC/EUR around 226 SL 236, Target 211.

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BTC/EUR Short Term Outlook

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