Post
Topic
Board Speculation
Re: BTC/USD Short Term outlook
by
yellowpage09
on 06/05/2015, 07:57:19 UTC
BTC/EUR Short term outlook

http://www.fxwirepro.com/data/charts/20150506995be774R3(BTCEUR).png.png

BTC/EUR is struggling to close above 221 (200 day 4HMA) and any trend reversal can happen only above that level.

On the upside minor resistance is around 221 (200 day 4HMA) and any break above would extend gains till 235/240 in short term. The pair's short term support is around 206 and any break below will extend loss till 200/193.