EURUSD Daily Analysis – May 9, 2019

EURUSD moved sideways in a trading range between 1.1166 and 1.1218. As long as 1.1166 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.1135, a breakout of 1.1218 resistance could trigger further upside movement towards 1.1250 area. Only a breakdown below 1.1166 support could bring the price back towards 1.1100.

EURUSD 4-hour chart