Our suggested buy level of $7.5 on EOS was filled yesterday. Our target objective on the upside is a move to $11. The moving averages are on the brink of a bullish crossover, which signals the start of a new trend.
Traders can book partial profits at $9.5 to reduce their risk and raise the stop loss on the remaining position to $5.5.
We anticipate a retest of the breakout level of $7.28, which should hold. However, if the EOS/USD breaks below this support, it will become negative and we may recommend closing positions early.