BTC/EUR is seen trading slightly above on Monday and the pair has recovered sharply after hitting low of 875 on Feb 9th, 2017 (COINBASE). It is currently trading around 957.16 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 940

Kijun-Sen level: 902

Major reversal level -813 (89- day EMA)

Long-term trend remains to be bullish. The pair downside is capped by 38.2% fibo level at 880 and minor weakness can be seen if it closes below that level.

Major resistance is around 955 (10- day MA) 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 940 (daily Tenken-Sen) and any break below will drag the pair till 906 (30 -day EMA)/880 (38.2%retracement of 694 and 1005).