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FxWirePro: BTC/EUR trades above daily Kijun-Sen, jump till 1000 likely

BTC/EUR is seen climbing up the ladder, trading above on Wednesday. The pair breaks major resistance 900 and jumped slightly till 910 (COINBASE). It is currently trading around 910.26 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 852.95

Kijun-Sen level: 903.17

Major reversal level -775 (89- day EMA)

Long-term trend remains to be bullish. In the daily chart, BTC/EUR trades slightly above daily Kijun-Sen, a jump till 1000 likely.

Major resistance is around 903 (daily Kijun-Sen) and any break above will take the pair to next level till 952 (61.8% retracement of 1111.56 and 694.78)/1000. Short term support is seen at 865 (daily Tenken-Sen) and any break below will drag the pair till 819 (60- day EMA)/785 (89-day EMA)/694 (Jan 12th low).

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