EOS/USD gets knocked back again by sellers within the $12.50 area, several tops produced here over the last week. Wedge pattern currently dictating price action, however this could also be viewed as a bearish pennant. The EOS price lost some ground after a bullish session on Tuesday, nursing losses on Wednesday of 2.5%. EOS/USD bulls continue to falter around $12.50, as has been the case since 25th May, producing several tops within this area. EOS/USD continues to be dictated by a wedge pattern that has formed, which could also be viewed as a bearish pennant formation. Since bouncing off the extreme lows on 24th May at around $10.40, fortunately finding feet within a demand zone. It may be a short while before EOS/USD is able to move above $13, due to the strength of resistance in its way. As mentioned above, $12.50 region is a barrier, further north $12.60-13.00 is a touted supply zone, an area the price has not been above since 22nd May. Support in the near-term is seen at the session’s lows $11.72 and then $11.55 (support on 60-minute chart). EOS/USD 60-minute chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next New possibilities’ have emerged to form Italian government FX Street 5 years EOS/USD gets knocked back again by sellers within the $12.50 area, several tops produced here over the last week. Wedge pattern currently dictating price action, however this could also be viewed as a bearish pennant. The EOS price lost some ground after a bullish session on Tuesday, nursing losses on Wednesday of 2.5%. EOS/USD bulls continue to falter around $12.50, as has been the case since 25th May, producing several tops within this area. EOS/USD continues to be dictated by a wedge pattern that has formed, which could also be viewed as a bearish pennant formation. Since bouncing off… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
