ETH/EUR is seen trading below in red on Friday. The pair has broken major support 7.20 and declined till 7.10 levels (KRAKEN). It is currently trading around 6.92 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 7.59

Kijun-Sen level: 7.204

Minor trend reversal level- 8.49 (55- day EMA)

Major Trend reversal level - (100 days MA) – 10.44

Long-term trend remains to be bearish. ETH/EUR trades slightly below 7.20 and a slight decline till 6.65 is possible.

The major resistance is around 7.53 (21 day EMA) any break above targets 7.70 (21- day EMA)/ 8.35 (Dec 8th high)/ 8.54 (55- day EMA). Short-term support is seen at 7.22 (161.8% retracement of 7.59 and 8.12) and any break below will drag the pair till 6.62 (61.8% retracement of 5.58 and 8.33)/5.58.