EURUSD Daily Analysis – May 7, 2019

EURUSD’s upside movement from 1.1135 extended to as high as 1.1209. Further rise could be expected in the coming days and next target would be at 1.1250 area. Near term support is at 1.1175, a breakdown below this level could bring the price back towards 1.1100.

EURUSD 4-hour chart