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BTC/EUR Short Term outlook

BTC/EUR has retreated till 268 after making a high of 293.75. Overall trend is bullish as long as short term support 265 holds. On the downside minor support is around 265 and any break below 265 will target 253/240. The…

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BTC/EUR Short Term outlook
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  • BTC/EUR has retreated till 268 after making a high of 293.75. Overall trend is bullish as long as short term support 265 holds.

  • On the downside minor support is around 265 and any break below 265 will target 253/240.

  • The pair's minor resistance is around 294 and any break above could pave way for next target around 300/309.

Indicators (4 hour chart)                                                                           

CCI (50) - Buy

CCI (14) - Buy

Ichimoku- Neutral

Recommendation: Buy BTC/EUR around 275, SL 264, Target 293/254.  

 

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