EURUSD Daily Analysis – July 13, 2020

EURUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.1184. As long as the channel support holds, the pullback from 1.1370 could be treated as consolidation for the uptrend and further rise towards 1.1400 is possible after the consolidation. Key support level is at 1.1255, a breakdown below this level could trigger another downside movement towards 1.1150.

EURUSD 4-hour chart