BTC/EUR is seen trading above on Wednesday and is trading around 964 and 930 for the past four trading sessions (COINBASE). It is currently trading around 960 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 940

Kijun-Sen level: 915.45

Major reversal level -827 (89- day EMA)

Long-term trend remains to be bullish. The pair faces strong support at 21- day EMA and minor weakness can be seen if it breaks below that level.

Major resistance is around 960 (Feb 11th, 2017 high) and any break above will take the pair to next level till 1005 (Feb 10th high) /1028 (161.8% retracement of 900 and 694.78)/1064 (88.6% retracement of 1111.15 and 694.78). Short term support is seen at 927 (21- day EMA) and any break below will drag the pair till 887 (38.2%retracement of 694 and 1005)/871 (60- day EMA).