Long
Eidoo moves up
EDO/USD has registered an impressive upside movement on the short term after the false breakdown below the lower median line (LML) of the ascending pitchfork. The next target is at the warning line (wl1), so only a valid breakout will signal a further increase. We have a major upside target at the 50% Fibonacci line of the ascending pitchfork. It could approach it only if the rate will stay above the LML.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.