BTC/EUR has made a high of 1005 after breaking the major psychological resistance at 1000 yesterday and declined sharply from that level (COINBASE). It is currently trading around 920.94 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 940

Kijun-Sen level: 886

Major reversal level -813 (89- day EMA)

Long-term trend remains to be bullish. The pair downside is capped by 60- day EMA at 850 and minor weakness can be seen only below that level.

Major resistance is around 946 (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 850 (60 - day EMA) and any break below will drag the pair till 815 (89 -day EMA)/800 (Jan 18th low)/694 (Jan 12th 2017 low).