ETH/EUR is seen trading slightly below in red on Monday. The pair has recovered sharply after declining till 9.87 on Feb 9th, 2017 (KRAKEN). It is currently trading at 10.67 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 10.33

Kijun-Sen level: 10.04

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

Major Trend reversal level - (89 day EMA) – 9.48

Long-term trend remains to be neutral. ETH/EUR faces major resistance at 10.95 and any close 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 10.32 (daily Tenken-Sen) and any break below will drag the pair till 9.95 (daily Kijun-Sen)/9.48 (89- day EMA).