Digital Currency

BTC/EUR Short term outlook

BTC/EUR has made a high of 275 and declined from that level till 235. Overall trend is still weak as long as short term resistance 260 holds. On the upside minor resistance is around 260 (20 day 4HMA) and any break above…

By Lis HowellJul 15, 2015, 12:43 PM UTC

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BTC/EUR Short term outlook — Image from the original EconoTimes article

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BTC/EUR has made a high of 275 and declined from that level till 235. Overall trend is still weak as long as short term resistance 260 holds.
On the upside minor resistance is around 260 (20 day 4HMA) and any break above would extend gains till 275/293 in short term. The pair's short term support is around 235 and any break below will extend loss till 225/213.

Indicators (4 Hours chart)

CCI (50) - Buy

Ichimoku- Sell

We prefer to Sell BTC/EUR around 260 SL 275, Targets 235/225.

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