BTC/EUR trades in a narrow range between 1069 and 1160.71 for the past seven trading sessions (COINBASE). It is currently trading around 1127 at press time.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 1115

Kijun-Sen level: 993

Major reversal level -831 (200- day MA)

The long-term trend remains to be bullish. BTC/EUR faces strong resistance at 1188 (Mar 14th, 2017 high) and any break above confirms minor bullishness.

Major resistance is around 1188 (Mar 14th, 2017 high) and any break above will take the pair to next level till 1235 (Mar 3rd, 2017 high)/1290 (88.6% retracement of 1350 and 826). Short term support is seen at 1091 (21 days EMA) and any break below will drag the pair down till 1066 (Ichimoku cloud) /993 (daily Kijun-Sen).