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BTC/EUR has broken the following major resistances raising scope for further upside:
1) Symmetric Triangle
2) Daily cloud
3) 110-EMA
Technical studies are bullish, RSI and stochs show bullish momentum.
We see +ve DMI dominance with ADX rising in support of the trend.
Price has edged above daily cloud and next major resistance lies at 100-DMA (7816) ahead of 200-DMA (7976).
Support levels - 7466 (110-EMA), 7315 (5-DMA), 7000
Resistance levels - 7816 (100-DMA), 7976 (200-DMA), 8054 (March 12 high), 9000, 9198 (38.2% Fib)
Recommendation: Good to go long on dips around 7500, SL:
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