EURUSD Daily Analysis – June 5, 2018

EURUSD extended its upside movement from 1.1510 to as high as 1.1744. Key support is now at 1.1617. As long as this level holds, the upside movement could be expected to continue and a clear break above 1.1750 resistance could take the price to 1.2000 area. On the downside, a breakdown below 1.1617 support would suggest that the upside movement had completed at 1.1744 already, then another fall towards 1.1400 could be seen.

EURUSD 4-hour chart