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ETH/EUR trades slightly above 200-day MA, jump till 10.95 likely

ETH/EUR is seen trading slightly below in red on Wednesday. The pair has jumped till 10.47 yesterday and started to decline from that level. It is currently trading at 10.00 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 9.29

Kijun-Sen level: 8.83

Minor trend reversal level- 11.12 (76.4% retracement of 12.84 and 5.58)

Major Trend reversal level - (30 day EMA) – 8.32

The long-term trend remains to be neutral. ETH/EUR faces strong resistance at 10.95 high formed on Jan 5th, 2017 and any break above confirm minor bullishness, a jump till 11.78 is possible. 

The major resistance is around 10.43 (76.4% retracement of 10.95 and 8.83) and any break above that level will take the pair till /10.95 (Jan 5th high)/11.78 (Oct 18th, 2016 high). Short-term support is around 9.29 (daily Tenken-Sen) and any break below will drag the pair till 8.83 (daily Kijun-Sen)/8.57 (60 days EMA).

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December 10 23:50 UTC Released

JPBusiness Survey Index*

Actual

9.7 %

Forecast

Previous

9.4 %

December 9 01:30 UTC Released

CNPPI YY*

Actual

5.8 %

Forecast

5.9 %

Previous

6.9 %

December 11 07:00 UTC 168168m

TRCurrent Account Balance*

Actual

Forecast

Previous

-4.527 Bln USD

December 11 09:00 UTC 288288m

ITRetail Sales SA MM

Actual

Forecast

Previous

0.9 %

December 11 09:00 UTC 288288m

ITRetail Sales NSA YY

Actual

Forecast

Previous

3.4 %

December 11 11:30 UTC 438438m

TREndYear CPI Fcst/Cb Svy*

Actual

Forecast

Previous

10.68 %

December 11 15:00 UTC 648648m

USEmployment Trends*

Actual

Forecast

Previous

135.6 tln

December 11 15:00 UTC 648648m

USJOLTS Job Openings*

Actual

Forecast

Previous

6.093 Mln

December 11 21:00 UTC 10081008m

KRExport Price Growth YY*

Actual

Forecast

Previous

8 %

December 11 21:00 UTC 10081008m

KRImport Price Growth YY*

Actual

Forecast

Previous

6.8 %

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