EURUSD Daily Analysis – July 15, 2020

EURUSD extended its upside movement from 1.1184 to as high as 1.1423. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.1500 area. Near term support is at 1.1355, a breakdown below this level could bring the price back towards the trend line.

EURUSD 4-hour chart