ETH/EUR is seen trading below in red on Monday. The pair is declining continuously after jumping till 11.27 levels (KRAKEN). It is currently trading around 11:00 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 11.26

Kijun-Sen level: 11.345

Trend reversal level - (100 day MA) – 10.80

Long-term trend remains to be bullish. ETH/EUR is struggling to break above 21–day MA. So short term trend reversal only above that level.

The major resistance is around 11.12 (21- day MA) and any break above targets 11.95 (61.8% retracement of 12.92 and 10.40) /12.29 (Sep 29th 2016 high)/12.92. Short-term support is seen at 10.80 (100- day MA) and any violation below targets 10.52 (200- day MA)/10.49 (200- day MA).