EURUSD Daily Analysis – June 4, 2020

EURUSD extended its upside movement from 1.0766 to as high as 1.1257. The upside movement could be expected to continue and next target would be at 1.1300 area. Near term support is at 1.1180, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.

EURUSD 4-hour chart