EURUSD Daily Analysis – June 5, 2019

EURUSD broke above 1.1265 resistance and extended its upside movement from 1.1116 to as high as 1.1277. Further rise could be expected after a minor consolidation and next target would be at 1.1300 area. Near term support is at 1.1225, a breakdown below this level could bring the price back towards 1.1200, followed by 1.1180.

EURUSD 4-hour chart