EURUSD Daily Analysis – May 10, 2017

EURUSD broke below 1.0874 support, suggesting that the upward movement from 1.0569 had completed at 1.1021 already. The pair is now in downtrend. Further decline could be expected and next target would be at 1.0750 area. Near term resistance is at 1.0940, as long as this level holds, the downtrend will continue.

EURUSD chart