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BTC/EUR Short term outlook

BTC/EUR is struggling to close above 219 (55 day 4H EMA) and any trend reversal can happen only above that level. On the upside minor resistance is around 219 (55 day 4H EMA) and any break above would extend gains till 2…

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BTC/EUR Short term outlook
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  • BTC/EUR is struggling to close above 219 (55 day 4H EMA) and any trend reversal can happen only above that level.

  • On the upside minor resistance is around 219 (55 day 4H EMA) and any break above would extend gains till 235/240 in short term. The pair's short term support is around 206 and any break below will extend loss till 200/193.

Indicators (Daily chart)

 CCI (14) - Sell

CCI (50) - Sell

Ichimoku- Sell   

We prefer to Buy BTC/EUR around 212 for the target of 235 with stop around 205.

 

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