ETH/EUR recovered after declining till 9.12 (KRAKEN). It is currently trading around 9.57 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 9.38

Kijun-Sen level: 9.51

Trend reversal level - (100 day MA) – 10.58

Long-term trend remains to be bearish. ETH/EUR trades slightly above 10 days MA and any close above 21- day confirms minor bullishness till 10.30 is possible.

The major resistance is around 9.76 (21- day MA) and any violation above targets 10.33 (55- day EMA)/10.58 (100- day MA). Short-term support is seen at 9.15 (Oct 30th, 2016 low) and any violation below targets 8.75 (61.8% retracement of 7.80 and 10.30)/7.80 (Oct 29th low).