BTC/EUR is seen trading slightly above on Friday. The pair has once again retreated after jumping till 583.35 yesterday (COINBASE). It is currently trading around 580.02 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 563.85

Kijun-Sen level: 555.55

Trend reversal level - (100 days MA) – 551.89

Long-term trend remains to be bullish. In the daily chart, the pair has taken support near 570 (5- day MA) and slightly recovered from that level. So slight weakness can be seen below that level.

Major resistance is around 584 (trend line joining 546.20 and 562.30) and any violation above will take the pair till 607 (61.8% retracement of 698 and 434.78). Short term support is seen at 570 (5- day MA) and any break below targets 563.85 (daily Tenken-Sen)/549.96 (21- day MA).