EURUSD Daily Analysis – May 7, 2020

EURUSD extended its downside movement from 1.1018 to as low as 1.0781. Further decline is still possible in a couple of days and next target would be at 1.0727 support. Near term resistance is at 1.0830, a break of this level could bring the price back to 1.0950 area.

EURUSD 4-hour chart