EURUSD Daily Analysis – May 20, 2019

EURUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.1263. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 1.1120 area. Only break above the trend line resistance could signal completion of the downtrend.

EURUSD 4-hour chart