ETH/EUR is seen trading below in red on Monday. The pair has slightly retreated after making a high of 11.72 levels (KRAKEN). It is currently trading around11.52 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 11.75

Kijun-Sen level: 11.26

Trend reversal level - (100 day MA) – 10.68

Long-term trend remains to be bullish. ETH/EUR is facing strong resistance around 10- day MA and any break above targets 12.92.

Minor resistance is around 11.75 (10- day MA) and any break above targets 12.05 (38.2% retracement of 12.92 and 9.40) and any break above that level will take the pair till 12.92 (Sep 21st high)/13.74 (Jul 23rd high). Short term support is seen at 11.08 (21- day MA) and any violation below will drag the pair till 10.53 (50- day MA)/10.34 (200- day MA)/9.40 (Aug 19th, 2016 low).