BTC/EUR is seen trading below in red on Monday. The pair has slightly declined after jumping till 887 on Dec 23rd, 2016 (COINBASE). It is currently trading around 862.03 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 818

Kijun-Sen level: 787

Minor weakness level – 804 (10- day MA)

Major reversal level -673 (Nov 20th low)

Long-term trend remains to be bullish. In the daily chart, BTC/EUR has taken support near 10- day MA and jumped slightly from that level. Short term trend is still bullish as long as support 804 (10- day MA) holds.

Major resistance is around 889 (161.8% retracement of 715.65 and 434.78) and any break above will take the pair to next level till 940/1000. Short term support is seen at 804 (10-day MA) and any break below will drag the pair till 763 (21- day MA)  699 (Dec 6th, 2016 low).