EURUSD Daily Analysis – May 19, 2017

EURUSD remains in uptrend from 1.0839, the fall from 1.1172 is likely consolidation of the uptrend. Range trading between 1.1070 and 1.1172 would likely be seen in a couple of days. Near term support is at 1.1070, only a breakdown below this level will indicate that lengthier consolidation for the longer term uptrend from 1.0569 is underway, then the following correction pullback could bring price back to 1.1000 zone.

EURUSD chart