ETH/EUR is seen trading in red on Thursday. The pair has slightly recovered after making a low of 10.29 levels (KRAKEN). It is currently trading at 11.30 at the time of writing. The pair has jumped till 11.78 and started to declined from that level.

Ichimoku analysis of 4-hour chart shows:

Tenkan-Sen level: 11.15

Kijun-Sen level: 11.71

Trend reversal level - (90 4H MA) – 12.37

Long term trend remains to be bullish. In 4 hour chart ETH/EUR is struggling to break above 21 4H MA. So short term bullishness only above that level.

Major resistance is seen at 11.90 (90 4H EMA) and any break above that level will take the pair till 12.37 (21 4 H MA)/12.60 (200 4H MA). Short term support can be notices at 10.29 (Jun 28th low) and any violation below will drag the pair till 9 (Jun 18th low).