BTC/EUR trades below on Thursday and has broken major support at 752 and declined till 726.It is currently trading around 735.49 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 921.78
Kijun-Sen level: 921.78
Major reversal level -753 (89- day EMA)
Long-term trend remains to be bullish. In the daily chart, BTC/EUR trades slightly below major support 89- day EMA and it confirms minor weakness a decline till 633 likely.
Major resistance is around 796 (60- day EMA) and any break above will take the pair to next level till 817 (23.6% retracement of 1111.56 and 726.58)/854 (30- day EMA). Short term support is seen at 725 (Cloud top) and any break below will drag the pair till 678 (cloud bottom)/633 (200- day MA).