EURUSD Daily Analysis – May 18, 2020

EURUSD failed to break below 1.0766 support and stayed in a trading range between 1.0766 and 1.0896. As long as 1.0896 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.1018, a breakdown below 1.0766 support could take the price to 1.0650 area.

EURUSD 4-hour chart