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EOSUSD has recovered sharply more than 70% from the low of $4.05 made on Aug 15th 2018.The pair has lost more than 15% in the past 24 h.It hits low of $5.65 and is currently trading around $5.84.
The pair near term resistance is around $6.85 (23.6% fib) and any break above targets $7.22 (61.8% fib)/$8/$8.55 (38.2% fib).
On the lower side, near term support is around $5.54 (20- day MA) and any violation below targets $5.35/$5/$4. It should break below $4 for further direction.
It is good to buy on dips around $5.70-75 with SL around $5.35 for the TP of $7.22/$8.
