EURUSD Daily Analysis – May 3, 2019

EURUSD is now in the uptrend from 1.1110, the fall from 1.1262 would possibly be corrective consolidation for the uptrend. Another rise could be expected after the consolidation and next target would be at 1.1300 area. Near term resistance is at 1.1200, a breakout of this level could signal resumption of the uptrend.

EURUSD 4-hour chart