Search ForexCrunch
  • EOS price was hammered on Monday, dropping a chunky 8%.  
  • EOS/USD bears are in firm control, with weakness seen across the mark
  • Downside target looks to be eyed just below $5.54, low seen on 16th March, before big bullish reversal candlestick.

 

 

EOS/USD daily chart


 

Spot rate:                    4.6574

Relative change:        -8.05%

High:                           5.1748

Low:                            4.5830

Trend:                         Bearish.

 

Support 1:                  5.5393, 17th March, prior to big reversal candlestick.

Support 2:                  3.8806, long wick seen 18th March, reversal.

Support 3:                  3.3927, consolidation area from 4-10 Dec 2017.

Resistance 1:              4.8000-9000, prior demand zone.

Resistance 2:             5.1748, today’s (Monday) high.

Resistance 3:             5.3000, (resistance on daily chart).