The pair has slightly retreated after making a high of 549 levels (COINBASE). It is currently trading around 546 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 547.09

Kijun-Sen level: 535.09

Trend reversal level - (100 days MA)-566.45

Long-term trend remains to be bullish. In the daily chart, BTC/EUR is struggling to break below 21- day MA and any further bearishness only below that level.

Major resistance is around 549.20 (10- day MA) and any violation above will take the pair till 566 (100- day MA)/575/608 (61.8% retracement of 715.65 and 434.78). Short-term support is seen at 538 (21- day EMA) and any break below targets 535 (21- day MA)/513 (38.2% retracement of 434.58 and 562.30).