- EOS/USD has shown massive recovery after hitting low of 3.8723 on Mar 18th 2018.It has jumped more than 150% and is currently trading around 9.7890.
- 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 $10.11 (Feb 15th 2018 high) and any break above will take the pair to next level $13.07 (50% fibo)/$ 14.97.
- The major support is around $8.60 (100- day MA) and any break below will drag the pair till $7.31/$61.11 (220- day MA). Major weakness only below $3.87.
It is good to buy on dips around $8 with SL around $6 for the TP of $13/$15