ETH/EUR is seen trading abouve 10 on Monday. The pair has recovered slightly after making a low of 12.36 (KRAKEN) yesterday. It is currently trading at 12.92 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 11.69

Kijun-Sen level: 14.04

Trend reversal level - (90 4H MA) – 10.54

Long-term trend remains to be bullish. In daily chart ETH/EUR is trading well above 10 day EMA. So slight jump till 13.75 (Jun 24th high) is possible.

Major resistance can be noticed at 13.15 (61.8% retracement of 14.38 and 11) and any break above that level will take the pair till 13.75/14.40. Short term support is seen at 12.32 (38.2% retracement of 9 and 14.38) and any violation below will drag the pair till 11.63 (55 day EMA)/11.