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- EOS/USD has jumped more than 50% in previous week after hitting low of 7.80 level. The pair has broken major resistance $10.11 high made 2 ½ month before and jumped till $11.88.It has recovered more than 200% from low of $3.8700 and is currently trading around 11.53.
- The pair is trading well above short term (20&50 day) and long term MA (100&200) and has closed well above that level.
- The near term resistance is around $12 and any break above will take the pair to next level $13.07 (50% fibo)/$ 14.97.
- The major support is around $9.80 and any break below will drag the pair till $8.60 (100- day MA)/$7.31/$61.11 (220- day MA). Major weakness only below $3.87.
It is good to buy on dips around $10 with SL around $8.60 for the TP of $15
