BTC/EUR Short term outlook

• 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.