EUR/USD analysis (July 22)

As we expected, the pair has finally broken through the 1,43 resistance to establish above 1,44 in a sharp move. We now expect a test of 1,45 with a possible extension towards 1,46 (daily bollinger band).
Over the coming weeks, the pair should continue to trade sideways as we don’t see any reason for a sustainable appreciation of the Euro against the US Dollar.