BTC/EUR has broken the major resistance at 1088 and has jumped sharply till 1132 levels (COINBASE). It is currently trading around 1126 at press time.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 1032

Kijun-Sen level:  1007

Major reversal level -817 (200- day MA)

Long-term trend remains to be bullish. BTC/EUR faces strong resistance at ichimoku cloud top and any break above targets 1188/1350.

Major resistance is around 1135 (Ichimoku cloud) and any break above will take the pair to next level till 1150 (61.8% retracement of 1350 and 826)/1188 (Mar 14th, 2017 high). Short term support is seen at 1060 (23.6% retracement of 826 and 1132) and any break below will drag the pair till 1032 (daily Tenken-Sen)/980  (89- day EMA)/864 (Mar 18th, 2017 low)/811 (200- day MA).