EURUSD Daily Analysis – December 5, 2019

EURUSD extended its upside movement from 1.0981 to as high as 1.1116, breaking above 1.1097 resistance. Near term support is at 1.1065, as long as this level holds, the upside movement could be expected to continue and next target would be at 1.1150 area. On the downside, a breakdown below 1.1065 support would indicate that the upside movement had completed at 1.1116 already, then the pair would find next support level at around 1.1015.

EURUSD 4-hour chart