EURUSD Daily Analysis – May 12, 2020

EURUSD is facing 1.0766 support, a breakdown below this level would indicate that the downtrend from 1.1018 has resumed, then next target would be at 1.0700 area. Resistance is at 1.0875, a breakout of this level could take the price back to 1.1000 zone.

EURUSD 4-hour chart