BTC/EUR is seen trading well above on Monday. The pair breaks major resistance at 748 and jumped till 761.67 yesterday (COINBASE). It is currently trading around 761.25 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 725.90

Kijun-Sen level: 710.61

Trend reversal level - (100 day MA) – 629

Long-term trend remains to be bullish. In the daily chart, BTC/EUR downside capped by 7-day EMA and any break below confirms minor weakness.

Major resistance is around 762 (Dec 17th, 2016 high) and any violation above will take the pair till 789 (127.2% retracement of 715 and 673)/800. Short term support –748 (7- day EMA) and any break below targets 725 (21- day MA)/ 699 (Dec 6th 2016 low)/673 (Nov 20th 2016 low)/634 (Nov 13th low).