BTC/EUR has recovered sharply from the low of 920 made on Mar 10th 2017 after US SEC Bitcoin ETF rejection. The pair jumped almost 250 from the low (COINBASE). It is currently trading around 1160 at press time.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 1135

Kijun-Sen level: 1135

Major reversal level -960 (89- day EMA)

Long-term trend remains to be bullish. The pair is facing near-term resistance at 1185 (61.8% fibo of 1350 and 920) and any further bullishness can be seen only above that level.

Major resistance is around 1185 (61.8% retracement of 1350 and 920) and any break above will take the pair to next level till 1236 (Mar 2nd high) /1350 (Mar 10th high)/1405 (113% retracement of 1350 and 920). Short term support is seen at 1135 (daily Kijun-Sen) and any break below will drag the pair till 1118 (21- day EMA)/1047 (50% retracement of 920 and 1350)/960 (89- day EMA).