EURUSD Daily Analysis – May 23, 2017

EURUSD’s bullish movement extended to as high as 1.1263. Near term support is at the rising trend line on 4-hour chart. As long as the trend line support holds, the bullish movement could be expected to continue and next target would be at around 1.1350. The key support is now at 1.1161, only a breakdown below this level could signal completion of the uptrend.

EURUSD chart