BTC/EUR is seen trading in red on Thursday. The pair is trading in narrow range between 635 and 562 levels (CEXIO) for the past four trading session. It is currently trading at 578.03 at the time of writing.

Ichimoku analysis of 4-hour chart shows:

Tenkan-Sen level: 575

Kijun-Sen level: 595

Trend reversal level - (90 4H EMA)-590

Long term trend remains to be bullish. Short term Trend seems to be bearish. BTC/EUR is trading well below 590 (90 4H EMA) and any slight bullishness can be seen only above that level.

Major resistance is around 578 (7 4H EMA) and any break above will take the pair to next immediate resistance at 590/610 (Jun 27th high)/635 (24th Jun high). Short term support is seen at 558 (200 4H MA) and any violation below will drag the pair till 539 (61.8% retracement of 635 and 483.35)/500.