The breakdown of the 20-day EMA and $2.4050 in EOS was short-lived. It has bounced sharply from $2.3093 and has broken above the 20-day EMA. The bulls will try to break out of the 50-day SMA and $3.2081 once again. If successful, it will indicate a change in trend.
The 20-day EMA is flat and the RSI is close to 50, which points to a consolidation. However, the long-term trend still remains down.
The EOS/USD pair will weaken if it plunges below $2.1733. It will resume its downtrend on a break below $1.55. We do not see any buy setups now, hence, we remain neutral.