ETH/EUR is seen trading weak on Monday. The pair has retreated after making a high of 10.59 levels (KRAKEN) on Jul 9th, 2016. It is currently trading at 9.42 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 9.71

Kijun-Sen level: 13.81

Trend reversal level - (90 4H MA) – 10.53

Long-term trend remains to be bullish. The Short-term remains to be bearish. In daily chart, ETH/EUR is struggling to break above 90 days EMA .Any further bullishness only above that level.

Major resistance can be noticed at 10.08 (7 days EMA) and any break above that level will take the pair till 10.72 (38.2% retracement of 14.38 and 8.55)/11.16 (55 days EMA). Short term support is seen at 8.56 (May 14th low) and any violation below will drag the pair till 8 (May 6th low)/7.44 (200 day MA).