EURUSD Daily Analysis – May 10, 2019

EURUSD broke above 1.1218 resistance and extended its upside movement from 1.1135 to as high as 1.1251. Further rise is still possible and next target would be at 1.1300 area. Near term support is at 1.1200, a breakdown below this level could bring the price back towards 1.1160.

EURUSD 4-hour chart