BTC/EUR is seen trading above on Thursday. The pair is trading between 556.90 and 537.33 for the past two trading session (COINBASE). It is currently trading around 549.48 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 531.99

Kijun-Sen level: 529.10

Trend reversal level - (90 day EMA)-536.80

Long-term trend remains to be bullish. In the daily chart, BTC/EUR is facing strong resistance at 562.32 (100-day MA) and break above confirms minor bullishness.

Major resistance is around 562.32 (100-day MA) and any violation above will take the pair till 575/608 (61.8% retracement of 715.65 and 434.78). Short-term support is seen at 536 (55-day EMA) and any break below targets 522 (21- day MA)/500/480 (Jun 23rd low).