ETH/EUR is seen trading slightly above on Friday. The pair has once again retreated slightly after jumping till 10.97 levels (KRAKEN). It is currently trading around 10.85 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 11.17

Kijun-Sen level: 11.66

Trend reversal level - (100 day MA) – 10.68

Long-term trend remains to be bullish. ETH/EUR faces strong resistance at 55- day EMA and struggles to break above that level. Any further bullishness is seen only above that level.

Minor resistance is around 11.07 (55 day EMA) any break above targets 11.45 (21- day MA)/11.90 (61.8% retracement of 12.92 and 10.40) ). Short term support is seen at 10.47  (200- day MA) and any break below will drag the pair till 10.08/9.50.