ETH/EUR pair broke a major resistance 12.80 high made on Feb 14th 2017 and jumped till 13.89. ETHEUR has shown a minor declined till 13.51 today from the high of 13.89 (KRAKEN).  So a minor weakness can be seen only below 11.40 low formed on Feb 21st 2017. It is currently trading around 13.75 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 12.63

Kijun-Sen level: 11.82

Minor trend reversal level- 14.38 (Jun 22nd 2016 high)

Major Trend reversal level - (89 day EMA) – 10.22

Long-term trend remains to be bullish. ETH/EUR is trading bullish and has also broken short term resistance at 13.75 (Jul 23rd 2016 high) and a jump till 14.38/16 likely.

The major resistance is around 14.38 (Jun 22nd 2016 high) and any break above targets 16.03 (76.4% retracement of 19.08 and 6.16). Short term support is seen at 12.66 (5 day MA) and any break below will drag the pair till 12.30 (10- day MA)/11.40 Feb 21st 2017 low).