EURUSD Daily Analysis – April 28, 2020

EURUSD broke above the bearish price channel on the 4-hour chart, suggesting that the downside movement from 1.0990 had completed at 1.0727 already. Further rally would likely be seen and next target would be at 1.0950 area. Support is at 1.0727, only break below this level could trigger another fall towards 1.0635 support.

EURUSD 4-hour chart