ETH/EUR is seen trading slightly above on Tuesday. The pair is trading in a narrow range between 10.04 and 9.72 for the past five trading sessions (KRAKEN). It is currently trading at 9.91 at the time of writing.

Ichimoku analysis of daily chart:

Tenkan-Sen level: 9.98

Kijun-Sen level: 9.79

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

Major Trend reversal level - (60 day EMA) – 9.13

Long-term trend remains to be neutral. ETH/EUR struggles to close below 200- day MA and any consecutive close below that level will drag the pair further down. 

The major resistance is around 10.42 (76.4% retracement of 10.95 and 8.64) and any break above that level will take the pair till 10.95 (Jan 5th high)/11.12 (76.4% retracement of 12.84 and 5.58). Short term support is around 9.70 (21- day MA) and any break below will drag the pair till 9.43 (30- day EMA)//9.16 (89- day EMA)/8.64 (Jan 12th, 2017 low).