BTC/EUR is seen trading slightly below on Thursday after the raise. The pair breaks major resistance 675 and jumped till 699.74 yesterday (COINBASE). It is currently trading around 683.67 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 666.98

Kijun-Sen level: 640.90

Trend reversal level - (100 day MA) – 567

Long-term trend remains to be bullish. In the daily chart, BTC/EUR trades well above 675 level. So a jump till 714 is possible.

Major resistance is around 700 (Nov 17th, 2016 high) and any violation above will take the pair till 715 (161.8% retracement of 673 and 610). Short-term support is seen at 662 (5- day MA) and any break below targets 649 (21 –day MA)/ 640 (daily Kijun-Sen)/610 (Nov 3rd low).