EURUSD Daily Analysis – May 27, 2019

EURUSD extended its upside movement from 1.1106 to as high as 1.1214. Further rally is still possible after a minor consolidation and next target would be at 1.1260 area. Support is at 1.1165, only a breakdown below this level could trigger another fall towards 1.1050.

EURUSD 4-hour chart