EURUSD Daily Analysis – May 16, 2019

EURUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.1135 had completed at 1.1263 already. Further decline would likely be seen and next target would be at 1.1150 area. Resistance is at 1.1230, a break of this level could trigger another rise towards 1.1300.