FxWirePro: BTC/EUR rejected at 21-EMA, breaks below 61.8% Fib, bias lower

• BTC/EUR extends weakness for 2nd straight session, trades 0.78% lower on the day.
   
• The pair was rejected at 21-EMA which is stiff resistance at 6623. Any further gains only on break above.
   
• Price action has slipped below 5-DMA and has broken below 61.8% Fib at 6392.
   
• Price remains below daily Ichimoku cloud and major EMAs. 
   
• Technical studies support further weakness in the pair. Scope for test of 78.6% Fib at 5876.

Support levels - 6075 (May 29 low), 6000, 5876 (78.6% Fib)

Resistance levels - 6392 (61.8% Fib), 6476 (5-DMA), 6624 (21-EMA)

Recommendation: Good to stay short on upticks, SL: 6625, TP: 6165/ 6075/ 5880

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