EURUSD Daily Analysis – May 27, 2020

EURUSD broke above 1.0930 resistance, suggesting that the downside movement from 1.1008 had completed at 1.0870 already. Another rise to test 1.1018 resistance could be expected, a breakout of this level could take the price to 1.1100 area. Near term support is at 1.0950, a breakdown below this level could bring the price back towards 1.0870.

EURUSD 4-hour chart