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ETH/EUR pair has a minor selling after hitting high of 293 yesterday (KRAKEN). ETH/EUR declined till 254 at the time of writing and is currently trading around 268 at press time.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 257
Kijun-Sen level: 243
Minor Trend reversal level - (89 EMA) – 170
Long-term trend remains to be bullish. ETH/EUR faces strong trend line resistance around 295 and any break above will take the pair till 313/350.
The major resistance is around 295 (trend line joining 385 and 354) and any break above targets 313 (61.8% retracement of 385 and 193)/354/385. Short term support is seen at 200 and any break below will drag the pair till 170/115.
It is good to sell on rallies around 265-270 with SL around 295 for the TP of 198.
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FxWirePro: ETH/EUR faces strong trend line resistance at 295, good to sell on rallies
Thursday, June 29, 2017 11:10 AM UTC
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