ETH/EUR is seen trading slightly below on Friday. The pair has slightly recovered from the low of 10.90 made on Oct 19th, 2016 (KRAKEN). It is currently trading around 11.125 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 11.19

Kijun-Sen level: 11.345

Trend reversal level - (100 days MA) – 10.78

Long-term trend remains to be bullish. ETH/EUR faces strong resistance at daily Kijun-Sen. So short term trend is slightly weak.

The major resistance is around 11.27 (21- day MA) and any break above targets11.95 (61.8% retracement of 12.92 and 10.40) /12.29 (Sep 29th 2016 high)/12.92. Short-term support is seen at 10.90 (10- day MA) any violation below targets 10.76 (100- day MA)/10.49 (200- day MA).