BTC/EUR is seen trading in struggling to move above on Tuesday. The pair has once again taken support near 21- day MA and recovered from that level (COINBASE). It is currently trading around 544.95 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 547.09

Kijun-Sen level: 533.28

Trend reversal level - (90 day EMA)-53.52

Long-term trend remains to be bullish. In the daily chart, BTC/EUR is facing strong support at 21- day MA  and further bearishness can be seen only below  that level.

Major resistance is around 548 (daily Tenken-Sen) and any violation above will take the pair till 565 (100- day MA)/575/608 (61.8% retracement of 715.65 and 434.78). Short term support – 530 (21- dayMA) and any break below targets 513 (38.2% retracement of 434.58 and 562.30)/502 (Aug 16th 2016 low)/480 (Jun 23rd low).