BTC/EUR has fallen for the third consecutive day after hitting a fresh lifetime high at 1236 on Mar 2nd, 2017 (COINBASE). It is currently trading around 1123.40 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 1176

Kijun-Sen level: 1069

Major reversal level -937 (89- day EMA)

Long-term trend remains to be bullish. The pair has shown a minor jump from the low of 1093 till 1165. But its upside is capped by 10 –day MA and any break above that level will take the pair to an all-time high at 1235.

Major resistance is around 1147 (38.2% retracement of 1235 and 1093) and any break above will take the pair to next level till 1176 (10- day MA)/1235 (trend line joining 715 and 1111.56). Short term support is seen at 1083 (daily Kijun- Sen) and any break below will drag the pair till 1055 (505 retracements of 694.75 and 1236)/999 (60- day EMA).