BTC/EUR is seen trading above on Thursday and the pair has broken the major psychological resistance at 1000 and jumped till 1005 levels (COINBASE). It is currently trading around 997.14 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 931.83

Kijun-Sen level: 883

Major reversal level -813 (89- day EMA)

Long-term trend remains to be bullish. The pair downside is capped by 7- day MA and minor weakness can be seen only below that level.

Major resistance is around 1000 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). Short term support is seen at 958 (7 - day MA) and any break below will drag the pair till 939 (10- day MA)/883 (daily Kijun-Sen).