BTC/EUR is seen struggling to move above on Thursday. The pair is trading in a narrow range between 608 and 583 levels (CEXIO) for the past two trading session. It is currently trading at 593.27 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 584.40

Kijun-Sen level: 586.37

Trend reversal level - (90 4H EMA)-514

Long-term trend remains to be bullish. BTC/EUR trades slightly above daily Tenkan-Sen and Kijun-Sen. So a slight jump till 613/630 is possible.

Major resistance is around 595 (7 days EMA) and any break above will take the pair to next immediate resistance at 612 (Jul 6th high)/635 (24th Jun high)/656 (127.2% retracement of 635 and 562). Short term support is seen at 552 (55 days EMA) and any violation below will drag the pair till 503 (55 days EMA).