BTC/EUR is seen trading above on Tuesday and the pair has broken minor resistance 1150 and jumped till 1160.71 levels yesterday (COINBASE). It is currently trading around 1156.69 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 1101

Kijun-Sen level:  993

Major reversal level -831 (200- day MA)

Long-term trend remains to be bullish. BTC/EUR faces strong resistance around 1150 (61.8% retracement of 1350 and 826.60) and any break above confirms minor bullishness.

Major resistance is around 1188 (Mar 14th, 2017 high) and any break above will take the pair to next level till 1235 (Mar 3rd, 2017 high)/1290 (88.6% retracement of 1350 and 826). Short term support is seen at 1124 (7- day MA) and any break below will drag the pair down till 1069 (23.6% retracement of 826 and 1160) /993 (daily Kijun-Sen).