BTC/EUR is seen trading slightly below in red on Tuesday. The pair has recovered from the low of 673.48 made on 20th Nov 2016 (COINBASE). It is currently trading around 698.34 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 674.48

Kijun-Sen level: 662.37

Trend reversal level - (100 day MA) – 576

Long-term trend remains to be bullish. In the daily chart, BTC/EUR upside capped by 161.8% fibo, and nay break above targets 740.

Major resistance is around 715 (161.8% retracement of 673 and 610) and any violation above will take the pair till 740 (161.8% retracement of 714.95 and 673). Short term support is seen at 680 (10- day MA) and any break below targets 662 (daily Kijun-Sen)/ 634 (Nov 13th low)/610 (Nov 3rd low).