EURUSD Daily Analysis – May 26, 2017

EURUSD moved sideways in a narrow range between 1.1161 and 1.1267. As long as 1.1161 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.0839 and another rise towards 1.1350 could be expected after the consolidation. On the downside, a breakdown below 1.1161 support will indicate that the upward move had completed at 1.1267 already, then the pair will find support around 1.1070.

EURUSD 4-hour chart