BTC/EUR is seen trading slightly above on Monday. The pair has broken daily Kijun-Sen and jumped slightly from that level (COINBASE). It is currently trading around 550.30 at the time of writing.

Long-term trend remains to be bullish.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 542.69

Kijun-Sen level: 545.06

Trend reversal level - (100 days MA) – 556.84

In the daily chart, the pair breaks minor resistance at 550 and jumped till 551.99 at the time of writing. It should break above 556.85 (100- day MA) for further up move.

Major resistance is around 557 (100- day MA) and any violation above will take the pair till /575 (50% retracement of 715 and 434.78)/600. Short-term support is seen at 543 (21- day MA) and any break below targets 536.50 (61.8% retracement of 551.99 and 527.04)/527 (Sep 22nd low)/513 (38.2% retracement of 434.58 and 562.30.