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FxWirePro: BTC/EUR hits fresh all time high, good to buy on dips

BTC/EUR has broken high made on 24th Feb 2017 and hits fresh all-time high around 1180 levels (COINBASE). It is currently trading around 1136 at the time of writing. The overall trend is extremely bullish and any minor weakness can be seen only below 1038 (21- day EMA).

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 1073.25

Kijun-Sen level: 1015.95

Major reversal level -892 (89- day EMA)

Long-term trend remains to be bullish. The pair upside is capped by 161.8% fibo and any break above confirms further bullish continuation.

Major resistance is around 1215 (161.8% retracement of 1156 and 1060) and any break above will take the pair to next level till 1270 (127.2% retracement of 1111.56 and 694.80). Short term support is seen at 1086 (10- day MA) and any break below will drag the pair till 1015.95 (daily Kijun-Sen)/982 (61.8% retracement of 875 and 1156).

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