EURUSD Daily Analysis – May 22, 2019

EURUSD failed to break above the bearish trend line on the 4-hour chart, suggesting that the pair 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 1.1110 support. Only a clear break above the trend line resistance could signal completion of the downtrend.

EURUSD 4-hour chart