Looking at things from a different view can always help! BTCEUR is trading in a range just like BTCUSD but not as many fakeouts here and much more horizontal! The bottom of mid-term range where BTCEUR is currently sitting (7900) can break soon since there is not much liquidity left, we may see a free fall like previous times to 5k area (6k on BTCUSD) or even lower (somewhere around 3k) if it doesn't hold.
On the bullish side, we can expect a new ATH, if BTC breaks out of the resistance zone (blue area).