EURUSD Daily Analysis – June 5, 2017

EURUSD broke above 1.1267 resistance, indicating that the uptrend from 1.0569 (Apr 10 low) has resumed. Further rise could be expected over the next several days and next target would be at 1.1450 area. Near term support is at 1.1200, only a breakdown below this level could bring price back to the next support level at 1.1109.

EURUSD 4-hour chart