EOS/USD July's Tops Are Targeted

More than 10 percent in the past 24 hours! This is the result of EOS’ growth on Monday. The currency pair seems to develop is progress as buyers are controlling the market currently. EOS/USD is likely to grow again, but it is still far from July’s highs.

EOS has worked out Flag pattern and moved higher. The currency pair has broken through the resistance area at $7.65 and failed to reach the next resistance area at $8.29. However, we think that this is just a matter of time.
We think that growth is the main scenario for Tuesday. Buyers and investors are hungry for bullish trend and they have total control over the market currently. Targets for this bullish trend are at July’s highs at least. EOS/USD is able to reach the resistance area at $9.03. However, buyers will have to jump over the closest resistance at $8.29 first.
As for the alternative view, bears may also gain control (but unlikely to). If this happens, they will push the currency pair lower targeting the support area at $7.10. They will also need to jump over the closest support area at $7.65 in this case.

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