BTC/EUR is holding above 50-DMA, intraday bias has turned bullish after break above 21-EMA.
The pair is currently hovering around 6100 mark, just shy of 110-EMA at 6156, break above will see further upside.
On the flipside 5-DMA is immediate support at 5924. Break below to see minor weakness.
Retrace below 55-EMA and then violation at 21-EMA to see resumption of weakness.
Support levels - 5924 (5-DMA), 5918 (55-EMA)
Resistance levels - 6156 (110-EMA), 6597 (200-DMA)
Stay long on 110-EMA breakout, SL: 5900, target 6280/ 6500
The pair is currently hovering around 6100 mark, just shy of 110-EMA at 6156, break above will see further upside.
On the flipside 5-DMA is immediate support at 5924. Break below to see minor weakness.
Retrace below 55-EMA and then violation at 21-EMA to see resumption of weakness.
Support levels - 5924 (5-DMA), 5918 (55-EMA)
Resistance levels - 6156 (110-EMA), 6597 (200-DMA)
Stay long on 110-EMA breakout, SL: 5900, target 6280/ 6500