BTC/EUR is seen trading slightly above on Monday. The pair jumped sharply after making a temporary bottom around 610 on 3rd Nov 2016 (COINBASE). It is currently trading around 644.45 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 642.50

Kijun-Sen level: 621.37

Trend reversal level - (100 day MA) – 555

Long-term trend remains to be bullish. In the daily chart, BTC/EUR trades above Tenkan-Sen and Kijun-SEN and jump till 673 high made on Nov 1st is possible.

Major resistance is around 649.09 (61.8% retracement of 673.25 and 610) and any violation above will take the pair till 673 (161.8% retracement of 625 and 655) /683.11 (88.6% retracement of 715 and 434.58)/700. Short-term support is seen at 618 (21- day MA) and any break below targets 590 (55- day EMA)/555 (100- day MA).