EURUSD Daily Analysis – May 6, 2019

EURUSD remains in the uptrend from 1.1110, the fall from 1.1264 is likely corrective consolidation for the uptrend. Another rise towards 1.1264 resistance could be expected in the coming days, a break of 1.1200 level could signal resumption of the uptrend. Near term support is at 1.1135, only a breakdown below this level could trigger another fall towards 1.1000.

EURUSD 4-hour chart