BTC/EUR is trading below on Thursday in a narrow range between 826 and 987 for the past five trading days (COINBASE). It is currently trading around 967.57 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 932

Kijun-Sen level: 1088

Major reversal level -796 (200- day MA)

Long-term trend remains to be bullish. BTC/EUR faces strong resistance around 55- day EMA,  any break above confirms minor bullishness.

Major resistance is around 1005 (55- day EMA) and any break above will take the pair to next level till 1088 (daily Kijun-sen). Short term support is seen at 932 (daily Tenken-Sen) and any break below will drag the pair till 886 (61.8% retracement of 987 and 826)/796 (200- day MA).