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  • EOS price on Friday seen trading marginally in the green up just some 0.10%.
  • EOS/USD price action is bouncing within a descending wedge pattern, subject to a breakout higher.  

 

EOS/USD 60-minute  chart  


 

Spot rate:                   5.4336

Relative change:       +0.10%

High:                          5.5097

Low:                           5.3807

 

Trend:                        Neutral

 

Support 1:                  5.4035, lower part of wedge.

Support  2:                  5.3700, demand area.

Support  3:                  5.3278, 19 October low.

Resistance  1:             5.4431, 50MA.

Resistance  2:             5.4600, 100MA.

Resistance  3:             5.4880, upper part of wedge.