BTC/EUR is seen trading in red on Tuesday. The pair is consolidating in narrow range of 609 and 585 levels (CEXIO) for past two trading session. It is currently trading at 608.18 at the time of writing.
Ichimoku analysis of 4-Hour chart shows:
Tenkan-Sen level: 597
Kijun-Sen level: 607
Trend reversal level - (90 4H EMA)-599
Long term trend and short-term trend remains to be bullish. BTC/EUR faces major intraday support around 600 and any slight weakness only below that level.
Major resistance is around 612 (21 4H MA) 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 599 (90 4H MA) and any violation below will drag the pair till 578 (200 4H MA)/539 (61.8% retracement of 483 and 635).
