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FxWirePro: BTC/EUR breaks major resistance at 1005, jump till 1111 likely

BTC/EUR breaks major resistance at 1005 high made on Feb 9th and jumped slightly till 1008 levels (COINBASE). It is currently trading around 995 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 969.22

Kijun-Sen level: 917.15

Major reversal level -836 (89- day EMA)

Long-term trend remains to be bullish. The pair ahs broken major resistance at 1005 confirms minor bullishness, a jump till 1111 is likely.

Major resistance is around 1005 (Feb 9th high) and any break above will take the pair to next level till 1028 (161.8% retracement of 900 and 694.78)/1064 (88.6% retracement of 1111.15 and 694.78)1111 (Jan 5th high). Short term support is seen at 968 (10- day EMA) and any break below will drag the pair till 949 (21- day EMA)/ 887 (38.2%retracement of 694 and 1005)/871 (60- day EMA).

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