EURUSD Daily Analysis – May 3, 2017

EURUSD is facing 1.0950 resistance again. A break of this level will indicate that the upward movement from 1.0569 has resumed, then next target would be at 1.1000 area. Support levels are at 1.0870 and 1.0820, only a break below 1.0820 support will indicate that the upward movement had completed at 1.0950 already, then the following downward movement could bring price back to 1.0600 zone.

EURUSD chart