BTC/EUR hits a fresh all-time high around 1179.21 yesterday and declined slightly from the higher level (COINBASE). It is currently trading around 1172.95 at the time of writing. The overall trend is extremely bullish and any minor weakness can be seen only below 1027 (daily Kijun-Sen).
Ichimoku analysis of daily chart indicates:
Tenkan-Sen level: 1084
Kijun-Sen level: 1027
Major reversal level -899 (89- day EMA)
Long-term trend remains to be bullish. The pair upside faces strong resistance at 161.8% fibo and any break above confirms further bullish continuation.
Major resistance is around 1215 (161.8% retracement of 1156 and 1060) and any break above will take the pair to next level till 1270 (127.2% retracement of 1111.56 and 694.80). Short term support is seen at 1127 (5- day MA) and any break below will drag the pair till 1103 (10- day MA)/1027 (daily Kijun-Sen).
