BTC/EUR is seen struggling to move above on Wednesday. The pair has slightly retreated from the high of 554.82 made yesterday (COINBASE). It is currently trading around 545.13 at the time writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 531.99

Kijun-Sen level: 529.10

Trend reversal level - (90 days EMA)-535.93

Long-term trend remains to be bullish. In the daily chart, BTC/EUR is facing strong resistance at 100-day MA and break above targets 608.            

Major resistance is around 561.59 (100-day MA) and any violation above will take the pair till 575/608 (61.8% retracement of 715.65 and 434.78). Short-term support is seen at 535 (55- day EMA) and any break below targets 480 (Jun 23rd low)/458 (200 day MA).