- ETH/EUR has broken strong trendline support at 365 level to hit 2-month lows at 349 levels.
- The pair has been trading with bearish bias, break below 365 is likely to see resumption of weakness.
- Price action extends in a downward slopping channel pattern and break below 365 has raised scope for test of channel base at 293 levels.
- Technical indicators are biased lower. Stochs and RSI sharply lower. DMI supports downside.
- Upside remains capped below immediate resistance at 5-DMA at 373 levels.
- Break above could see test of 21-EMA at 420. Violation at channel top negates bearish bias.
- Break below strong trendline support at 365 levels raises scope for test of 88.6% Fib at 329 ahead of channel base at 293.
Support levels - 329 (88.6% Fib), 300, 293 (channel base)
Resistance levels - 365 (trendline support), 371 (78.6% Fib), 373 (5-DMA), 420 (21-EMA)
Recommendation: Good to go short on upticks, SL: 390, TP: 330/ 300


Gold Loses Steam After Strong U.S. Retail Sales
ETHUSD Bullish Momentum: Follows BTC Above All EMAs, Buy Dips Near $1750 Targeting $2300
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation
ETH Stands Alone Bullish; BTC, SOL, XRP, BNB Neutral
FxWirePro: NZD/USD steadies around 0.5830,retains bid tone
FxWirePro :USD/JPY bulls loosen their grip a bit, dips to be bought
FxWirePro:EUR/NZD dips below lower range, bearish bias increases
FxWirePro: AUD/USD edges lower, but bullish outlook persists
FxWirePro- Major Pair levels and bias summary
Crypto Major Pair Action Bias: ETHUSD Bullish as BTCUSD, SOLUSD & XRPUSD Stay Neutral
BTCUSD Bullish Breakout: Clears 800-EMA After Consolidation, Buy Dips Toward $74,900 



