BTC/EUR is seen trading slightly above on Thursday. The pair has made a high of 857 and slightly declined from that level (COINBASE). It is currently trading around 844 at the time of writing.

Ichimoku analysis of daily chart indicates:

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 upside capped by 38.2% fibo and break above targets 900.

Major resistance is around 855 (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 797 (60- day EMA) and any break below will drag the pair till 760 (89-day EMA)/694 (Jan 12th 2017 low).