ETH/EUR is seen trading above on Friday. The pair has slightly jumped from the low of 10.60 yesterday (KRAKEN). It is currently trading around 10.74 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 10.428

Kijun-Sen level: 10.424

Trend reversal level - (100 day MA) – 10.95

Long-term trend remains to be bullish. ETH/EUR is trading slightly above 5- day and 10 days MA and slight jump till 11/11.30 is possible.

Major resistance is around 10.96 (100- day MA) and any break above that level will take the pair till 11.30 (Aug 9th high) /12.80 (50% retracement of 19.08 and 6.52)/13.75. Short-term support is seen at 10.22 (200-day MA) and any violation below will drag the pair till 9.40 (Aug 19th, 2016 low)/7.99.