EURUSD Daily Analysis – May 28, 2020

EURUSD extended its upside movement from 1.0774 to as high as 1.1035, breaking above 1.1018 resistance. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.1100 area, only break below the channel support could signal completion of the uptrend.

EURUSD 4-hour chart