EURUSD Daily Analysis – May 13, 2019

EURUSD extended its upside movement from 1.1135 to as high as 1.1253. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.1300 area. Only a clear break below the trend line support could signal completion of the uptrend.

EURUSD 4-hour chart