BTC/EUR is seen trading slightly below on Monday. The pair has broken the temporary high 729.73 on Friday and jumped till 736 levels (COINBASE). It is currently trading around 731.76 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 717.50

Kijun-Sen level: 699.26

Trend reversal level - (100 days MA) – 615.54

Long-term trend remains to be bullish. In the daily chart, BTC/EUR faces minor support at 10- day MA(721), and any break below that will drag the pair till 710 (21- day MA).

Major resistance is around 736 (Dec 9th high) and any violation above will take the pair till 748 (161.8% retracement of 729.73 and 699)/789 (127.2% retracement of 715 and 673). Short-term support is seen at 721 (10- day MA) and any break below targets 699.26 (daily Kijun-Sen)/ 673 (Nov 20th, 2016 low)/634 (Nov 13th low).