BTC/EUR has declined sharply yesterday after breaking 55- day EMA (CEXIO). The pair declined till 2012 and is currently trading around 2076 at press time.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 2172

Kijun-Sen level: 2276

Major reversal level -2715 (Jun 12th 2017 high)

Long-term trend remains to be bullish. BTC/EUR faces strong support at 1965 (89- day EMA) and break below confirms minor bearishness.

Major resistance is around 2155 (55- day EMA) and any break above will take the pair to next level till 2200)/2276 (daily Kijun-Sen). Short term support is seen at 1965 (89- day EMA) and any break below will drag the pair down till 1770/1502.

It is good to sell on rallies around 2150 with SL around 2325 for the TP of 1770/1505.