BTC/EUR has shown some sort of profit booking after hitting fresh all-time high around 1156 on Feb 24th 2017. The pair declined till 1060 and recovered from that level (COINBASE). It is currently trading around 1123.38 at the time of writing. Overall trend is extremely bullish and any minor weakness can be seen only below 1019 (21- day EMA).

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 1072

Kijun-Sen level: 1015

Major reversal level -865 (89- day EMA)

Long-term trend remains to be bullish. The pair downside capped by 7- day MA and any break below confirms minor weakness.

Major resistance is around 1168 (113% retracement of 1111.56 and 694.78) and any break above will take the pair to next level till 1215 (161.8% retracement of 1156 and 1060). Short term support is seen at 1060 (7- day EMA) and any break below will drag the pair till 1015 (daily Kijun-Sen)/982 (61.8% retracement of 875 and 1156).