ETH/EUR is seen trading in the red on Monday. The pair has formed triple bottom around 9 and slightly recovered from that level (KRAKEN). It is currently trading at 10 at the time of writing.

Ichimoku analysis of 4-hour chart shows:

Tenkan-Sen level: 10.51

Kijun-Sen level: 14.04

Trend reversal level - (90 4H MA)- 13.29

Long-term trend remains to be bullish. In 4hour chart ETH/EUR has formed bullish divergence pattern. So slight jump till 14.05 is possible.

Major resistance is seen at 10.74 (7 4H EMA) and any break above that level will take the pair till 12.53 (200 4h MA)/13.29 (90 4H EMA). Short term support is seen at 9 and any violation below will drag the pair till 8.27/7.31 (161.8% retracement of 9and 11.81).