FxWirePro: EOS/USD downside capped by 200- H MA, good to buy on dips
EOS/USD has recovered almost more than 20% after hitting low of $15.91. The pair hits life time high of $23.02 on Apr 29th 2018 and shown a minor profit booking. It has recovered more than 450% from temporary bottom of $…
EOS/USD has recovered almost more than 20% after hitting low of $15.91. The pair hits life time high of $23.02 on Apr 29th 2018 and shown a minor profit booking. It has recovered more than 450% from temporary bottom of $3.8700 and is currently trading around $18.45.
The pair has taken support near 200- H MA and shown a jump from that level. The near term resistance is around $20 and any break above will take the pair to next level $26.6 (161.8% fibo)/30.
The major support is around $17 (200- H MA) and any break below will drag the pair till $15.91/$14.34 (daily Kijun-Sen)/$12.67 (20- day MA)/$10. Major weakness only below $3.87.
It is good to buy on dips around $16 with SL around $14.20 for the TP of $23/$26.
