FxWirePro: EOS/USD breaks major resistance $16.30, jump till $18.67 likely
EOS/USD has continued its bullish trend after a three days of consolidation. The pair hits low of $13.37 and shown a major jump of almost more than $3 from that level. The pair hits fresh 4 month high at $16.69.It has re…
EOS/USD has continued its bullish trend after a three days of consolidation. The pair hits low of $13.37 and shown a major jump of almost more than $3 from that level. The pair hits fresh 4 month high at $16.69.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 $13.65 (23.6% fibo) and any break below will drag the pair till $11.74 (10- day MA)/$10.42 (10- day MA)/.$7.88. Major weakness only below $3.87.
It is good to buy on dips around $15 with SL around $13.65 for the TP of $18.67/$20.
