BTC/EUR has broken major resistance at 1188 high made on Mar 14th 2017 high and jumped till 1211 yesterday (COINBASE). It is currently trading around 1199 at press time.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 1163

Kijun-Sen level: 1107

Major reversal level -879 (200- day MA)

Long-term trend remains to be bullish. BTC/EUR trade well above major resistance at 1188 and jump till 1235 is possible.

Major resistance is around 1235 (Mar 3rd 2017 high) and any break above will take the pair to next level till 1290 (88.6% retracement of 1350 and 826)/1350. Short term support is seen at 1163 (daily Teneken-Sen) and any break below will drag the pair down till 1131 (21 day EMA) /1082 (55- EMA).