EURUSD Daily Analysis – May 1, 2019

EURUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.1323 had completed at 1.1110 already. Further rally could be expected after correction and next target would be at 1.1260 area. Near term support is at 1.1190, below this level would indicate that correction for the upside move is underway, then the pair would find next support level at around 1.1150.

EURUSD 4-hour chart