BTC/EUR is seen trading in red on Tuesday. The pair has slightly retreated after making a high of 618 levels (CEXIO). It is currently trading at 607.44 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 599.75

Kijun-Sen level: 559

Trend reversal level - (90 4H EMA)-524

Long-term trend remains to be bullish. BTC/EUR is trading slightly well above 21 days MA. So a slight jump till 635 is possible.

Major resistance is around 619 (Jul 17th high) and any break above will take the pair to next immediate resistance at 635 (24th Jun high)/656 (127.2% retracement of 635 and 562). Short term support is seen at 561 (55 days EMA) and any violation below will drag the pair till 542 (61.8% retracement of 635 and 483.)/524 (90 days EMA).