ETH/EUR is seen trading above on Thursday. The pair has slightly retreated after jumping till 11.50 yesterday (KRAKEN). It is currently trading around 11.20 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 11.16

Kijun-Sen level: 11.345

Trend reversal level - (100 day MA) – 10.77

Long-term trend remains to be bullish. ETH/EUR struggles to close above 21- day MA. So short term trend is slightly weak.

The major resistance is around 11.95 (61.8% retracement of 12.92 and 10.40) and any break above targets 12.29 (Sep 29th 2016 high)/12.92. Short-term support is seen at 11.05 (55- day EMA) any violation below targets 10.76 (100- day MA)/10.49 (200- day MA).