Search ForexCrunch
  • EOS was seen down just shy of 6% on Tuesday, no slowdown of bearish pressure.
  • EOS/USD price action has consolidated somewhat since the lows during the Asian session, however a bear flag has formed.  

 

EOS/USD 30-minute chart


 

Spot rate:                    4.3160

Relative change:        -5.75%

High:                           4.5879

Low:                            4.1778

Trend:                         Bearish.
 

Support 1:                  4.2744, lower part of bear flag.  

Support 2:                  4.1778, today’s (Tuesday) low.  

Support 3:                  3.8806, vital near-term support.

Resistance 1:              4.4000, upper part of flag.  

Resistance 2:             4.4439, 50MA.  

Resistance 3:             4.7636, 100MA.