EOS is neutral on a short term basis trading inside a 1D Triangle ( RSI
= 50.714, ADX
= 24.047, Williams = -47.042, CCI
= 15.1982, Highs/Lows = 0.00) that is approaching its exhaustion point. With 4H also neutral ( RSI
= 47.669, Highs/Lows = 0.00) but on a more bearish
slope, the 1W Lower High at 6.31 should stay intact, maintaining the long term bearish trend
. However, unless 4.7505 breaks to the downside, the momentum on the short term will stay neutral and 5.1650 - 5.9780 can be scalped. On the long term we remain bearish
with TP = 3.8925 and 1.6921 in extension.