BTC/EUR is trading between 1236 and 1158 for the past five trading sessions (COINBASE). It is currently trading around 1185.99 at the time of writing. The overall trend is extremely bullish and any minor weakness can be seen only below 1109 (21- day EMA).

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 1153

Kijun-Sen level: 1055

Major reversal level -925 (89- day EMA)

Long-term trend remains to be bullish. The pair faces strong trend line resistance around 1236 and a break above targets 1275/1300.

Major resistance is around 1235 (trend line joining 715 and 1111.56) and any break above will take the pair to next level till 1275 (61.8% Fibonacci projections from 694.78 to 1111.56 and 990)/1300. Short term support is seen at 1167 (10- day MA) and any break below will drag the pair till 1109 (21- day EMA)/1055 (daily Kijun-Sen).