FxWirePro: ETH/EUR hits fresh all-time high, jump till 100 likely
ETH/EUR pair has broken major resistance 88 and hits all- time high of 95.69 at the time of writing (KRAKEN). ETH/EUR trading stronger and a minor weakness only below 76 level. It is currently trading around 94.79. Ichim…
By Sujha Sundararanjan
Updated 1 min read
Image from the original EconoTimes article
ETH/EUR pair has broken major resistance 88 and hits all- time high of 95.69 at the time of writing (KRAKEN). ETH/EUR trading stronger and a minor weakness only below 76 level. It is currently trading around 94.79.
Ichimoku analysis of daily chart indicates:
Tenkan-Sen level: 81.15
Kijun-Sen level: 66.16
Minor Trend reversal level - (May 1st low) – 61.25
Long term trend remains to be bullish. ETH/EUR hits fresh all-time high, a jump till 100 likely.
The major resistance is around 95.91 (138.2% retracement of 87.99 and 67.25) and any break above targets 100/116 (100% projection of 38.40 to 87.99 from 67.25). Short term support is seen at 81.10 (daily Tenkan-Sen) and any break below will drag the pair till 75 (21 EMA)/66.15 (daily Kijun-Sen).
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