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- ETH/EUR has spiked past 1000 barrier to hit fresh all-time highs at 1150 levels.
- Technical bias still bullish, we see no signs of reversal in the pair.
- Price action has broken above major resistance at 161.8% Fib extension of 167.22 to 725 rally.
- The pair is currently holding below 176.4% Fib extension at 1151 levels. Breakout there will see further upside.
- Next bull target above 1151 lies at 1219 (188.6% Fib) ahead of 1282 (200% Fib)
Support levels - 1069 (161.8% Fib extension of 167.22 to 725 rally), 1000, 980 (5-DMA)
Resistance levels - 1151 (176.4% Fib), 1219 (188.6% Fib), 1282 (200% Fib)
Call update: Our previous call (http://www.econotimes.com/FxWirePro-ETH-EUR-tests-minor-resistance-at-955-breakout-to-see-further-upside-1084665) has hit all targets.
Recommendation: Go long on breakout at 1151, SL: 1070, TP: 1220/ 1280.
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