BTC/EUR is seen trading slightly above on Friday and the pair has slightly recovered after declining till 1073.95 levels. The pair has jumped till 1149.90 levels (COINBASE). It is currently trading around 1129.71 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 1154

Kijun-Sen level: 1083

Major reversal level -937 (89- day EMA)

Long-term trend remains to be bullish. The pair is facing strong trend support at 1050 (trend line joining 694.78 and 875.59) and any break below confirms further weakness.

Major resistance is around 1152 (50% retracement of 1235 and 1071.95) and any break above will take the pair to next level till 1172 (10- day MA)/1235 (trend line joining 715 and 1111.56). Short term support is seen at 1083 (daily Kijun- Sen) and any break below will drag the pair till 1055 (trend line joining 694.78 and 875)/1002 (60- day EMA).