ETH/EUR is seen trading above on Wednesday. The pair has slightly retreated after making a high 10.77 yesterday (KRAKEN). It is currently trading around 10.66 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 10.42

Kijun-Sen level: 10.32

Trend reversal level - (90 days EMA) – 10.39

Long-term trend remains to be bullish. ETH/EUR faces strong resistance at 100- day MA at 10.99 and any break above confirms further bullishness.

Major resistance is around 10.99 (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 10.18 (200-day MA) and any violation below will drag the pair till 9.40 (Aug 19th, 2016 low)/7.99.