EOS/USD Daily chart

EOS/USD Daily chart

Gate Trade EOS Saturday, April 25, 2020 307 0

If the bulls can drive the EOS/USD pair above $2.8319, the momentum is likely to pick up. The target objective for the breakout from the range is $3.3324. If the traders can push the price above this level, the uptrend can reach $3.8811.

However, if the bulls fail to break out and sustain the price above $2.8319, the pair might spend a few more days inside the range. Lower levels can be expected on a break below the support of the range at $2.3314. Therefore, the protective stops on the long positions can be kept at $2.20.