EURUSD Daily Analysis – May 28, 2019

EURUSD remains in the uptrend from 1.1106, the pullback from 1.1215 is likely corrective consolidation for the uptrend. Range trading between 1.1160 and 1.1215 would likely be seen in a couple of days. As long as 1.1160 support holds, the uptrend could be expected to resume, further rise to 1.1260 area is still possible after the consolidation. Only a breakdown below 1.1160 support could trigger another fall towards 1.1050.

EURUSD 4-hour chart