BTC/EUR is seen trading slightly below on Friday. The pair has once again retreated from the high of 545.06 levels (COINBASE). It is currently trading around 541.87 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 536.58

Kijun-Sen level: 545.06

Trend reversal level - (100 days MA) – 557.31

Long-term trend remains to be bullish. In the daily chart, the pair is struggling to break above daily Kijun-Sen .so any break above that level targets 558.

Major resistance is around 545 (daily Kijun-Sen) and any violation above will take the pair till 558.80 (100- day MA)/575 (50% retracement of 715 and 434.78). Short term support is seen at 522.52 (Ichimoku Cloud) and any break below targets 513 (38.2% retracement of 434.58 and 562.30)/503 (Sep 2nd low).