EURUSD Daily Analysis – May 25, 2020

EURUSD broke below 1.0918 support, suggesting that the upside movement from 1.0774 had completed at 1.1008 already. Deeper decline could be expected in the coming days and next target would be at 1.0800 area. Resistance is at 1.1018, only break above this level could trigger another rise towards 1.1200.

EURUSD 4-hour chart