ETH/EUR is seen trading slightly above on Thursday. The pair has formed a temporary top around 12.79 on Feb 14th 2017 high. ETH/EUR slightly declined till 11.41 from the high. It is currently trading around 12.14 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 11.73

Kijun-Sen level: 11.25

Minor trend reversal level- 12.92 (Sep 21st 2016 high)

Major Trend reversal level - (89 day EMA) – 9.688

Long-term trend remains to be neutral. ETH/EUR is trading
bullish and is facing strong trend line resistance at 12.92 (Sep 21st 2016 high) and any break above confirms major bullishness.

The major resistance is around 12.92 (Sep 21st 2016 high) and any break above targets 13.74 (Jul 23rd high)/14.38 (Jun 22, 2016, high). Short term support is seen at 11.90 (10- day MA) and any break below will drag the pair till 11.25 (daily Kijun-Sen)/10.71 (50% retracement of 8.64 and 12.79).