BTC/EUR is trading in a narrow range between 960 and 875 for the past five trading sessions (COINBASE). It is currently trading around 951.88 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 940

Kijun-Sen level: 902

Major reversal level -827 (89- day EMA)

Long-term trend remains to be bullish. The pair faces strong resistance at 1005 high made on Feb 9th, 2017 and minor bullishness can be seen if it breaks above that level.

Major resistance is around 960 (Feb 11th, 2017 high) and any break above will take the pair to next level till 1005 (Feb 10th high) /1028 (161.8% retracement of 900 and 694.78)/1064 (88.6% retracement of 1111.15 and 694.78). Short term support is seen at 940 (daily Tenken-Sen) and any break below will drag the pair till 909 (30 -day EMA)/880 (38.2%retracement of 694 and 1005).