EOS Technical Analysis: EOS/USD bullish pattern is closely eyed with bulls looking to break out of cage with greater momentum
- EOS price seen holding modest gains of just over 0.5% in the latter stages of trading on Tuesday.
- EOS/USD bulls are contained for the moment, within this bullish pennant pattern.

EOS/USD 4-hour chart
Spot rate: 6.5100
Relative change: +0.61%
High: 6.6904
Low: 6.3186
Trend: Neutral
Resistance 1: 6.6055, upper part of pennant pattern.
Resistance 2: 6.7342, 3rd September high.
Resistance 3: 6.8307, supply area & 1st September high.
Support 1: 6.3155, lower part of pennant and demand area.
Support 2: 6.3120, double bottom area 2nd & 4th September.
Support 3: 6.2515, demand zone.
Author

Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.




