BTC/EUR is seen trading above on Thursday and the pair has recovered slightly after declining till 1047 levels (COINBASE). It is currently trading around 1089.97 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 1010

Kijun-Sen level:  1007

Major reversal level -811.48 (200- day MA)

Long-term trend remains to be bullish. BTC/EUR downside capped by 7- day MA and minor weakness can be seen below that level.

Major resistance is around 1088 (50% retracement of 1350 and 826) and any break above will take the pair to next level till 1150 (61.8% retracement of 1350 and 826)/1188 (Mar 14th, 2017 high). Short term support is seen at 1021 (21- day EMA) and any break below will drag the pair till 976 (89- day EMA)/864 (Mar 18th, 2017 low)/811 (200- day MA).