ETH/EUR is seen trading above on Tuesday and the pair has broken high made yesterday at 10.60 and jumped till 10.80 at the time of writing. It is currently trading at 10.72 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 10.15

Kijun-Sen level: 9.62

Minor trend reversal level- 10.95 (Jan 5th, 2017 high)

Major Trend reversal level - (60 day EMA) – 9.40

Long-term trend remains to be neutral. ETH/EUR faces strong resistance at 10.95 and any break above confirms major bullishness. 

The major resistance is around 10.95 (Jan 5th, 2017 high) and any break above targets 12.37 (161.8% retracement of 10.95 and 8.64)/12.92. Short term support is seen at 10.10 (10- day MA) and any break below will drag the pair till 9.62 (daily Kijun –Sen)/9.31 (89- day EMA).