BTC/EUR is seen trading well above over this week, as seen on Friday. The pair recovering sharply from the previous week low of 610 and jumped till 668 levels (COINBASE).  It is currently trading around 658.11 at the time of writing.

Ichimoku analysis of weekly chart shows:

Tenkan-Sen level: 601.52

Kijun-Sen level: 652.92

Trend reversal level - (7- day EMA) –598

Long-term trend remains to be bullish. In the weekly chart, BTC/EUR faces strong support around 7- day EMA. Any break below confirms further weakness.

Major resistance is around 675 (Previous week high) and any violation above will take the pair till 683.11 (88.6% retracement of 715 and 434.58)/700. Short-term support is seen at 654 (23.6% retracement of 610 and 668) and any break below targets 626 (3-day EMA)/610 (Nov 3rd low).