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- EOS/USD has halted its selling after a steep 17% decline yesterday. The pair hits low of $13.37 and shown a minor jump from that level. The pair hits 4 month high at $16.17.It has recovered more than 300% from temporary bottom of $3.8700 and is currently trading around $14.35.
- 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 $16.20 and any break above will take the pair to next level $17.78 (161.8% fibo)/$18.67 (Jan 13th 2018 high).
- The major support is around $13.20 (23.6% fibo) and any break below will drag the pair till $12.10 (5- day MA)/$10.42 (10- day MA)/.$7.88. Major weakness only below $3.87.
It is good to buy on dips around $12 with SL around $9.88 for the TP of $16.20/$18.67.
