EURUSD Daily Analysis – May 8, 2019

EURUSD remains in the uptrend from 1.1135, the pullback from 1.1218 is likely consolidation for the uptrend. Another rise could be expected and next target would be at 1.1250 area. Near term support is at 1.1165, a breakdown below this level could bring the price back towards 1.1100.

EURUSD 4-hour chart