BTC/EUR has shown a minor decline till 1003 at the time of writing after a jump till 1038 (COINBASE). It is currently trading around 1009.01 at press time.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 1026

Kijun-Sen level: 1107

Major reversal level -778 (200- day MA)

Long-term trend remains to be bullish. BTC/EUR upside capped by 38.2% fibo and any break above confirms minor bullishness.

Minor resistance is around 1048 (38.2 % retracement of 1350 and 864) and any break above will take the pair to next level till 1067 (21- day EMA)/ 1107 (daily Kijun-Sen). Short term support is seen at 970 (89 days EMA) and any break below will drag the pair till 920 (Mar 10th 2017).