Looks like this pair is ready to continue its bullish continuation after breaking its weekly downtrend line & now is getting ready for its next leg to the upside rejecting daily support. Something to keep an eye on!
CTL broken, retracement to the 50 fib level for a retest to broken trend line is possible, however the 38.2 region seems like a strong area price is failing to close below. Looking to take this setup next week :)
The chart speaks for itself, we have two strong resistance ahead at $1.85 and $2 so watch for those.
Once it crosses them the $2.20 is a very achievable target.
It can take some time to get there but I would say by next week sometime we should be pretty close to the target.
Personally I'm very bullish on EOS, we are still on an very much up ...
Price is stuck in a tight range between support & resistance.. Price failing to break the 38.2 fib level rejecting many times & could not close above it just yet, however we have inflation news out of CAD tomorrow which a big move should take place. If we break this daily fib level, this pair will fly to the upside. Confirmation is key but a lot of pips to be made ...
It looks like the pair didn't get enough of buying , It is very optimal to see a higher hight i think around 1.22012
According to the RSI we get a buy Signe
Supports : 1.17014 , 1.18158
Resastances : 1.19402 , 1.20303 , 1.22012 .
Price respected its uptrend line, recently broke out of channel consolidation & is now retesting.. Nice buy setup here first target at recent highs that were made. A safer confirmation would be to enter the break of resistance then turning support !