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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 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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