ETH/EUR is seen trading slightly below in red on Monday. The pair has broken 76.4% retracement of 10.95 and 8.64 and jumped till 10.57 yesterday (KRAKEN). It is currently trading at 10.49 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 10.14

Kijun-Sen level: 9.60

Minor trend reversal level- 11.12 (76.4% retracement of 12.84 and 5.58)

Major Trend reversal level - (60 day EMA) – 9.18

Long-term trend remains to be neutral. ETH/EUR trades slightly above 76.4% fibo and a jump till 10.95/11.12 likely.

The major resistance is around 11.12 (76.4% retracement of 12.84 and 5.58) and any break above targets 12.37 (161.8% retracement of 10.95 and 8.64)/12.92. Short term support is seen at 10.04 (10- day MA) and any break below will drag the pair till 9.53 (30- day EMA)/9.21 (60- day EMA)/8.64 (Jan 12th, 2017 low).