ETH/EUR is seen trading in the red on Tuesday. The pair is trading in narrow range between 13.26 and 12.36 levels (KRAKEN) for the past three trading sessions. It is currently trading at 12.47 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 11.79

Kijun-Sen level: 14.04

Trend reversal level - (90 4H MA) – 10.54

Long term trend remains to be bullish. In daily chart ETH/EUR is facing strong resistance at 13.16 (21 day MA). Any violation above 13.16 will take the pair till 13.75 (Jun 24th high) is possible.

Major resistance can be notices at 13.15 (61.8% retracement of 14.38 and 11/21 day MA) and any break above that level will take the pair till 13.75/14.40. Short term support is seen at 12.32 (38.2% retracement of 9 and 14.38) and any violation below will drag the pair till 11.63 (55 day EMA)/11.