BTC/EUR is seen trading well above on Friday. The pair breaks psychological resistance at 700 and slightly jumped till 703.74 levels (COINBASE). It is currently trading around 694 at press time.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 668.98

Kijun-Sen level: 650.48

Trend reversal level - (100 day MA) – 567

Long-term trend remains to be bullish. In the daily chart, BTC/EUR trades higher and it should break below 5- day MA for further weakness.

Major resistance is around 704 (Nov 18th, 2016 high) and any violation above will take the pair till 715 (161.8% retracement of 673 and 610). Short-term support is seen at 670 (5- day MA) and any break below targets 652 (21 –day MA)/ 634 (Nov 13th low)/610 (Nov 3rd low).