BTC/EUR continued its losing streak for the second consecutive day, after hitting a fresh lifetime high at 1236 on Mr 2nd 2017 (COINBASE). It is currently trading around 1150.27 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 1176

Kijun-Sen level: 1069

Major reversal level -937 (89- day EMA)

Long-term trend remains to be bullish. The pair has broken 21- day EMA and this shows minor weakness a decline till 1069 is likely.

Major resistance is around 1147 (38.2% retracement of 1235 and 1093) and any break above will take the pair to next level till 1175 (10- day MA)/1235(trend line joining 715 and 1111.56). Short term support is seen at 1167 (10- day MA) and any break below will drag the pair till 1109 (21- day EMA)/1055 (daily Kijun-Sen).