BTC/ EUR is seen trading slightly below on Thursday. The pair is facing minor resistance around 552 and any break above minor bullishness (COINBASE). It is currently trading around 551.17 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 545.29

Kijun-Sen level: 545.06

Trend reversal level - (100 days MA) – 555.54

Long-term trend remains to be bullish. In the daily chart, the pair is trading well above Tenkan-Sen and Kijun-Sen. It should break above 100 –day MA for further bullishness.

Major resistance is around 556 (100- day MA) and any violation above will take the pair till 575 (50% retracement of 715 and 434.78)/600. Short term support is seen at 542 (55- day MA) and any break below targets 536.50 (61.8% retracement of 551.99 and 527.04)/527 (Sep 22nd low)/513 (38.2% retracement of 434.58 and 562.30.