EURUSD Daily Analysis – May 21, 2018

EURUSD remains in the downtrend from 1.1996. Further decline could be expected after a minor consolidation and next target would be at 1.1700 area. Resistance is at 1.1840, a breakout of this level would suggest that the downside movement is complete, then next target would be at 1.1900 area.

EURUSD 4-hour chart