EURUSD Daily Analysis – May 11, 2018

EURUSD broke above the falling trend line on its 4-hour chart, suggesting that the downside movement from 1.2413 had completed at 1.1822 already. Further rally could be expected in the coming days and next target would be at 1.2020, followed by 1.2100. Support levels are at 1.1880 and 1.1822, only break below these levels could trigger another fall towards 1.1750.

EURUSD 4-hour chart