EURUSD Daily Analysis – May 24, 2019

EURUSD broke above the bearish price channel on the 4-hour chart, suggesting that the downside movement from 1.1263 had completed at 1.1106 already. Further rally could be expected after a minor consolidation and next target would be at 1.1230 area. Support is at 1.1140, only a breakdown below this level could trigger another fall towards 1.1050.

EURUSD 4-hour chart