EURUSD Weekly Analysis – July 19, 2020

EURUSD broke above 1.1422 resistance, suggesting that the uptrend from 1.0635 has resumed. Further rise would likely be seen and next target would be at 1.1600 area. Near term support is at 1.1330, a breakdown below this level could bring the price back towards 1.1168 key support.

EURUSD daily chart