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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 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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