FxWirePro: BTC/EUR faces strong support around $320, good to buy at dips
BTC/EUR has made a high of $46.76 and started to decline from that level. Short term trend is bullish as long as support $320 (resistance turned into support) holds. Any break below $320 will drag the pair down till $310…
BTC/EUR has made a high of $46.76 and started to decline from that level. Short term trend is bullish as long as support $320 (resistance turned into support) holds.
Any break below $320 will drag the pair down till $310/$300.
Overall bullish invalidation only below $275.
On the higher side major resistance is around $348 (38.2% retracement of $457 and $278) and break above targets $370/$391.
It is good to buy around $330-331 with SL around $320 for the TP of $347/$370.
