BTC/EUR is trading in narrow range between 1105 and 1147.98 for the past three trading sessions (COINBASE). It is currently trading around 1142 at press time.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 1082

Kijun-Sen level:  1005

Major reversal level -828 (200- day MA)

Long-term trend remains to be bullish. BTC/EUR faces strong resistance around 1150 (61.8% retracement of 1350 and 826.60) and any break above confirms minor bullishness.

Major resistance is around 1150 (61.8% retracement of 1350 and 826.60) and any break above will take the pair to next level till 1188 (Mar 14th 2017 high)/1235 (Mar 3rd 2017 high). Short term support is around 1113 (7- day MA) and any break below will drag the pair down till 1071 (23.6% retracement of 826 and 1150) /1005 (daily Kijun-Sen)/993  (89- day EMA).