BTC/EUR has shown a minor jump after hitting low of 2015 yesterday (CEXIO). The pair jumped till 2315and is currently trading around 2213 at press time.

Ichimoku analysis 4-Hour chart indicates:

Tenkan-Sen level: 2257

Kijun-Sen level: 2365

Major reversal level -2168 (200- 4H MA)

Long-term trend remains to be bullish. BTC/EUR downside capped by 78.6% fibo and any further weakness can be seen below this level.

Major resistance is around 2365 (4H Kijun-Sen) and any break above will take the pair to next level till 2448 (61.8% retracement of 2716 and 2015)/2716 (Jun 12th 2017 high)/ 2791 (113% retracement of 2716 and 2160). Short term support is seen at 1990 (76.4% retracement of 2716 and 2015) and any break below will drag the pair down till 1770 (May 27th 2017 low)/1500.

In the 4H chart RSI has shown a break out and so a slight bullishness can be seen.

It is good to buy on dips around 2200 with SL around 1990 for the TP of 2600/2715.