EURUSD Daily Analysis – May 14, 2020

EURUSD stays above a rising price channel on the 4-hour chart and remains in the uptrend from 1.0766. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 1.0950 area. On the downside, a breakdown below the channel support would indicate that the downtrend from 1.1018 has resumed, then another fall towards 1.0650 could be seen.

EURUSD 4-hour chart