BTC/EUR is seen trading above on Tuesday. The pair has jumped till 741.75 after breaking temporary high of 729.73 made on Dec 2nd, 2016 (COINBASE). It is currently trading around 737.07 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 720

Kijun-Sen level: 707.16

Trend reversal level - (100 day MA) – 617

Long-term trend remains to be bullish. In the daily chart, BTC/EUR upside capped by 161.8% fibo, and any break above will take to 789.

Major resistance is around 748 (161.8% retracement of 729.73 and 699) and any violation above will take the pair till 789 (127.2% retracement of 715 and 673)/800. Short-term support is seen at 722 (10- day MA) and any break below targets 707 (daily Kijun-Sen)/ 673 (Nov 20th, 2016 low)/634 (Nov 13th low).