EURUSD Daily Analysis – May 26, 2020

EURUSD extended its downside movement from 1.1008 to as low as 1.0870. Further decline is still possible in a couple of days and next target would be at 1.0800 area. Near term resistance is at 1.0930, a break of this level could trigger another rise to test 1.1018 resistance.

EURUSD 4-hour chart