EURUSD Daily Analysis – May 5, 2017

After consolidation, EURUSD broke out of 1.0950 resistance and continued its bullish movement from 1.0569. Near term support is at 1.0900, as long as this level holds, the bullish move could be expected to continue, and next target would be at 1.1000 area. Key support is at 1.0820, only a breakdown below this level could signal completion of the uptrend.

EURUSD chart