BTC/EUR has broken 55- day EMA and jumped till 1079 levels (COINBASE) and seen slightly recovering on Monday. It is currently trading around 1060 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 937

Kijun-Sen level: 1088

Major reversal level -806 (200- day MA)

Long-term trend remains to be bullish. BTC/EUR is trading well above 55- day EMA and a jump till 1150 likely.

Major resistance is around 1088 (daily Kijun-Sen) and any break above will take the pair to next level till 1150 (61.8% retracement of 1350 and 826)/1188 (Mar 14th, 2017 high). Short term support is seen at 1004 (21- day EMA) and any break below will drag the pair till 937 (daily Tenken-sen)/864 (Mar 18th, 2017 low)/806 (200- day MA).