EURUSD Daily Analysis – May 8, 2020

EURUSD broke above 1.0830 resistance, suggesting that the downside movement from 1.1018 had completed at 1.0766 already. Further rally would likely be seen in the coming days and next target would be at 1.0950 area. Support is at 1.0766, only break below this level could trigger another fall towards 1.0700.

EURUSD 4-hour chart