BTC/EUR is seen trading below in red on Friday. The pair has slightly retreated after making a high of 562.30 levels (COINBASE). It is currently trading around 552 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 534.69

Kijun-Sen level: 531.80

Trend reversal level - (90 day EMA)-537.52

Long-term trend remains to be bullish. In the daily chart, BTC/EUR is facing strong resistance at 563 (100-day MA) and further bullishness can be seen only above that level.

Major resistance is around 563 (100-day MA) and any violation above will take the pair till 575/608 (61.8% retracement of 715.65 and 434.78). Short-term support is seen at 537 (55- day EMA) and any break below targets 524 (21- day MA)/500/480 (Jun 23rd low).