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- BTC/EUR is struggling to close above 217 (55 day EMA) and any trend reversal can happen only above that level.
- On the upside minor resistance is around 217 (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) - Buy
CCI (50) - Sell
Ichimoku- Sell
We prefer to Buy BTC/EUR around 217 for the target of 205 with stop around 225.
