EURUSD Daily Analysis – May 29, 2020

EURUSD’s upside movement from 1.0766 extended to as high as 1.1093. Further rise could be expected after a minor consolidation and next target would be at 1.1150 area. Near term support is at 1.1040, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.

EURUSD 4-hour chart