ETH/EUR is seen trading slightly below on Friday. The pair has broken 11.68 low made on 28th Sep 2016 and declined slightly below 11.645 levels (KRAKEN).It is currently trading around 11.69 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 11.96

Kijun-Sen level: 11.449

Trend reversal level - (100 days MA) – 10.70

Long-term trend remains to be bullish. ETH/EUR is trading slightly below 5- day (11.67) and 10- day MA (11.87).So a dip till 11 is possible.

Minor resistance is around 12.20 (61.8% retracement of 12.92 and 11) 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 11.44 (daily Kijun-Sen) and any break below will drag the pair till 11 (22nd Sep low) 10.58 (50- day MA)/10.39 (200- day MA).