BTC/EUR is seen trading slightly above on Tuesday. The pair recovered slightly after declining till 634.50 on 13th Nov 2016 (COINBASE). It is currently trading around 662.96 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 650

Kijun-Sen level: 624.02

Trend reversal level - (100 day MA) – 565

Long-term trend remains to be bullish. In the daily chart, BTC/EUR faces strong support at 21- day MA. Any close below confirms minor weakness.

Major resistance is around 675 (Nov 3rd, 2016 high) and any violation above will take the pair till 683.11 (88.6% retracement of 715 and 434.58)/700. Short-term support is seen at 650 (daily Tenken-Sen) and any break below targets 624.02 (daily Kijun-Sen)/610 (Nov 3rd low).