The #eos pair has broken above the medium-term descending trend channel, surpassing the 0.54 level, and is currently trading at 0.786. During this upward movement, it has established two key support levels at 0.512 and 0.65.
The Fibonacci retracement level is at 1.153, which coincides with the long-term descending trend channel. This suggests that the price may face strong resistance at this level.
If the upward momentum continues, the 1.537 level serves as an important resistance point. However, the target price appears to be 1.96.
***Technical analysis is based on past price movements and cannot predict future price action with certainty.
***The information provided here is not investment advice.
