ETH/EUR is seen trading slightly below on Thursday and the pair has shown a mild decline after making a high of 10.80 on Feb 7th, 2017 (KRAKEN). It is currently trading at 10.65 at the time of writing.

Ichimoku analysis of daily chart states:

Tenkan-Sen level: 10.26

Kijun-Sen level: 9.85

Minor trend reversal level- 10.95 (Jan 5th, 2017 high)

Major Trend reversal level - (89 day EMA) – 9.37

Long-term trend remains to be neutral. ETH/EUR faces minor support at 10.45 (7- day MA) and any break below confirms minor weakness.

The major resistance is around 10.95 (Jan 5th, 2017 high) and any break above targets 12.37 (161.8% retracement of 10.95 and 8.64)/12.92. Short term support is seen at 10.45 (7- day MA) and any break below will drag the pair till 9.91 (daily Kijun –Sen)/9.37 (89- day EMA).