- EOS trading down on Thursday 3% in the latter part of the session.
- EOS/USD trading within a bearish pennant, this can be witnessed across a number of its peers also, seemingly being the technical structure theme today – Thursday.
- Given the above, there is room for another hard fall, if going by the length of the pennant pole, which is around $1.
- Another potential $1 fall could see EOS/USD down at $2.70-60.
EOS/USD 60-minute chart
Spot rate: 3.7368
Relative change: -3.01%
Support 1: 3.7130 , lower part of pennant.
Support 2: 3.4703, 20th November low.
Support 3: 2.9930, weekly support
Resistance 1: 3.8607, upper part of pennant.
Resistance 2: 3.9272, 60-minute resistance.
Resistance 3: 4.2669, 20th November high.