BTC/EUR has shown a minor decline till 1147 after hitting high of 1172.44 on Apr 21st 2017 (COINBASE). It is currently trading around 1163 at press time.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 1139

Kijun-Sen level: 1061.75

Major reversal level -870 (200- day MA)

Long-term trend remains to be bullish. BTC/EUR downside capped by 10 –day MA and any break below confirms minor weakness.

Major resistance is around 1188 (Mar 14th 2017 high) and any break above will take the pair to next level till 1235 (Mar 3rd 2017 high)/1290 (88.6% retracement of 1350 and 826). Short term support is seen at 1116 (21 day EMA) and any break below will drag the pair down till 1071 (55- EMA) /1052 (daily Kijun-Sen).