ETH/EUR is seen trading in above on Friday. The pair has slightly retreated till 10.51 at the time of writing after making a high of 11.249 yesterday (KRAKEN). It is currently trading around 10.83 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 10.43

Kijun-Sen level: 10.35

Trend reversal level - (90 day EMA) – 10.35

Long-term trend remains to be bullish. ETH/EUR faces strong resistance at 11.30 (Aug 9th high). The pair should break above 11.30 further bullishness.

Major resistance is at 11.30 (Aug 9th high) and any break above that level will take the pair till 12 (Pschycological resistance)/12.47 (161.8% retracement of 11.30 and 9.40). Short-term support can be noticed at 10.35 (daily Kijun-Sen) and any violation below will drag the pair till 10 (9- day EMA)/9.40 (Aug 19th 2016 low).