BTC/EUR is seen trading slightly below on Wednesday. The pair has broken major resistance at 835 (30- day EMA) and jumped till 858 levels (COINBASE). It is currently trading around 840.75 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 785

Kijun-Sen level: 903.17

Major reversal level -795 (60- day EMA)

Long-term trend remains to be bullish. In the daily chart, BTC/EUR trades well above 800 level, a jump till 900 is possible.

Major resistance is around 854 (38.2% retracement of 1111.56 and 694.78) and any break above will take the pair to next level till 903.17 (daily Kijun-Sen)/952. Short term support is seen at 795 (60- day EMA) and any break below will drag the pair till 758 (89-day EMA)/694 (Jan 12th, 2017 low).