ETH/EUR is seen trading slightly below in red on Friday. The pair has shown a slight recovery till 9.99 from the low of 9.72 made on 25th Jan 2017 (KRAKEN). It is currently trading at 9.80 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 9.79

Kijun-Sen level: 9.28

Minor trend reversal level- 11.12 (76.4% retracement of 12.84 and 5.58)

Major Trend reversal level - (60 day EMA) – 9.03

Long-term trend remains to be neutral. ETH/EUR faces major support at 21- day MA and any close below will drag the pair down till 9 level.

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- 9.66 (21- day MA) and any break below will drag the pair till 9.28 (daily Kijun-Sen)/8.64 ( Jan 12th 2017 low).