ETH/EUR is seen trading well above on Wednesday. The pair breaks 100- day MA at 9.32 and jumped till 10.38 (KRAKEN) and it is currently trading around 10.27 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 8.15

Kijun-Sen level: 8.15

Minor trend reversal level- 8.35 (Dec 8, 2016, high)

Major Trend reversal level - (100 days MA) – 9.32

Long-term trend remains to be bullish. ETH/EUR breaks major resistance at 200- day MA at 10 and a jump till 11.78 likely. 

The major resistance is around 10.30 (Oct 30th high) any break above targets 11.28/11.78 (Oct 17th, 2016 high). Short term support is seen at 9.30 (100 day MA) and any break below will drag the pair till 8.159 (daily Kijun-Sen)/7.60 (21- day EMA).