BTC/EUR has declined sharply after showing minor jump above 1000 levels (COINBASE). The pair hits 1029 yesterday and it is currently trading around 960 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 1026

Kijun-Sen level: 1107

Major reversal level -778 (200- day MA)

Long-term trend remains to be bullish. BTC/EUR faces major resistance at 55- day EMA and any close above confirms further bullishness.

Minor resistance is around 1030 (55- day EMA) and any break above will take the pair to next level till 1057 (21- day EMA)/ 1107 (daily Kijun-Sen). Short term support is seen at 970 (89 day EMA) and any break below will drag the pair till 920 (Mar 10th 2017).