BTC/EUR is showing slight profit booking after hitting fresh all time high around 1236.40 yesterday (COINBASE). It is currently trading around 1207.87 at the time of writing. Overall trend is extremely bullish and any minor weakness can be seen only below 1100 (21- day EMA).

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 1148

Kijun-Sen level: 1055

Major reversal level -925 (89- day EMA)

Long-term trend remains to be bullish. The pair downside capped by 10- day MA and any further weakness only below that level.

Major resistance is around 1235 (trend line joining 715 and 1111.56) and any break above will take the pair to next level till 1275 (61.8% Fibonacci projections from 694.78 to 1111.56 and 990)/1300. Short term support is seen at 1157 (10- day MA) and any break below will drag the pair till 1099 (21- day EMA)/1055 (daily Kijun-Sen).