EURUSD Daily Analysis – May 17, 2019

EURUSD extended its downside movement from 1.1263 to as low as 1.1166. Deeper decline could be expected in a couple of days and next target would be at 1.1120 area. Resistance is at 1.1225, only break above this level could trigger another rise towards 1.1300.

EURUSD 4-hour chart