ETH/EUR is seen trading above on Thursday. The pair has slightly jumped from the low of 10.58 yesterday (KRAKEN). It is currently trading around 10.76 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 10.42

Kijun-Sen level: 10.40

Trend reversal level - (90 days EMA) – 10.38

Long-term trend remains to be bullish. ETH/EUR faces minor resistance at 10.78 and any break above will take the pair till 11/11.30.

Major resistance is around 10.97 (100- day MA) and any break above that level will take the pair till 11.30 (Aug 9th high) /12.80 (50% retracement of 19.08 and 6.52)/13.75. Short term support is seen at 10.20 (200-day MA) and any violation below will drag the pair till 9.40 (Aug 19th, 2016 low)/7.99.