EOS does look pretty strong while forming the support in the shape of a double bottom at $0.47. Then, the strong rise followed, when EOS/USD went from $0.47 up to $1.41, gaining almost 200% profit against.
This tendency is likely to continue and EUR/USD could be up for more gains with Fibonacci based upside targets. The first target is 127.2% Fibs at $1.56, while the second target is 168.2% at $1.74.
At the same time consolidation can be expected before the uptrend continuation. But the trend remains bullish while EOS stays above the 200 Moving Average.
$0.6 - the middle channel trendline breakout point, should play a key as the support. Break below that level should invalidate bullish outlook and push EOS further down.
This tendency is likely to continue and EUR/USD could be up for more gains with Fibonacci based upside targets. The first target is 127.2% Fibs at $1.56, while the second target is 168.2% at $1.74.
At the same time consolidation can be expected before the uptrend continuation. But the trend remains bullish while EOS stays above the 200 Moving Average.
$0.6 - the middle channel trendline breakout point, should play a key as the support. Break below that level should invalidate bullish outlook and push EOS further down.
Comment:
First target reached
Trade closed: target reached
Comment:
More upside targets
