ETH/EUR is seen trading slightly above on Wednesday. The pair breaks psychological level at 10 and jumped slightly till 10.05 (KRAKEN). It is currently trading at 10.00 at the time of writing.
Ichimoku analysis of daily chart indicates:
Tenkan-Sen level: 9.94
Kijun-Sen level: 9.5196
Minor trend reversal level- 11.12 (76.4% retracement of 12.84 and 5.58)
Major Trend reversal level - (60 day EMA) – 9.13
Long-term trend remains to be neutral. ETH/EUR closed slightly above 200 –day MA (9.83) for two consecutive days. So a slight jump till 10.42/10.95 is possible.
The major resistance is around 10.42 (76.4% retracement of 10.95 and 8.64) and any break above that level will take the pair till 10.95 (Jan 5th high)/11.12 (76.4% retracement of 12.84 and 5.58). Short-term support is seen at 9.69 (21- day MA) and any break below will drag the pair till 9.43 (30- day EMA)/9.17 (89- day EMA)/8.64 (Jan 12th, 2017 low).
