BTC/EUR is seen trading below on Monday. The pair has recovered sharply after declining till 776 (COINBASE).The pair jumped till 900 and it is currently trading around 855.23 at the time writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 944.22

Kijun-Sen level: 921.56

Major reversal level -748 (90- day EMA)

Long-term trend remains to be bullish. In the daily chart, BTC/EUR has taken support near 89- day EMA and any break below confirms minor weakness till 669 is possible.

Major resistance is around 944 (daily Kijun-Sen) and any break above will take the pair to next level till 983.50 (61.8% retracement of 1111 and 776.89)/1039/1111 (Jan 5th 2017 high). Short term support is shown at 748 (89- day EMA) and any break below will drag the pair till 694 (161.8% retracement of 776.89 and 900)/669.49.