EURUSD Daily Analysis – May 28, 2018

EURUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.1996. As long as the channel resistance holds, the downside movement could be expected to continue and next target would be at 1.1550 area. On the upside, a breakout of the channel resistance could bring the price back to test 1.1829 resistance, above this level would aim 1.2000 area.

EURUSD 4-hour chart