EURUSD Daily Analysis – July 23, 2018

EURUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.1790 had completed at 1.1575 already. Further rise is still possible and next target would be at 1.1800 area. Support is at 1.1655, only a break below this level could trigger another fall towards 1.1500.

EURUSD 4-hour chart