EURUSD Daily Analysis – May 29, 2018

EURUSD remains in the downtrend from 1.1996. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.1500 area. On the upside, a breakout of the trend line resistance could bring the price back to test 1.1750 resistance, only break above this level could signal completion of the downtrend.

EURUSD 4-hour chart