FxWirePro: ETH/EUR hovers around 55-EMA at 472, decisive break above could see further upside

• ETH/EUR extends break above 55-EMA at 472, bias higher.
   
• The pair is trading with a bullish momentum and decisive close above 55-EMA could see further upside.
   
• Next major resistance on the upside is seen at 23.6% Fib at 491 ahead of 110-EMA at 519.
   
• Immediate support is seen at 5-DMA at 435, breach below will see weakness till 20-DMA.
   
• We see bullish invalidation on break below 20-DMA.

Support levels - 472 (55-EMA), 435 (5-DMA), 400, 367 (20-DMA)

Resistance levels - 491 (23.6% Fib), 501 (200-DMA), 519 (110-EMA)

Call update: Our previous call (https://www.econotimes.com/FxWirePro-ETH-EUR-extends-grind-higher-along-5-DMA-break-above-20-DMA-required-for-further-upside-1247332) is approaching final targets.

Recommendation: Book partial profits at highs. Trail SL to 400. Hold for further upside. Target 485/ 490/ 515.

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