Digital Currency

BTC/EUR Short term outlook

BTC/EUR is consolidating between 240 and 266 for the past three trading session. Overall trend is still weak as long as short term resistance 270 holds. On the upside minor resistance is around 270 and any break above wo…

By Lis HowellJul 20, 2015, 12:11 PM UTC

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

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BTC/EUR is consolidating between 240 and 266 for the past three trading session. Overall trend is still weak as long as short term resistance 270 holds.
On the upside minor resistance is around 270 and any break above would extend gains till 275/293 in short term. The pair's short term support is around 248 and any break below will extend loss till 235/225.

Indicators (4 Hours chart)

CCI (50) -Sell

Ichimoku- Sell

We prefer to Sell BTC/EUR around 260 SL 270, Targets 235/225.

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