EURUSD Daily Analysis – July 16, 2020

EURUSD broke above 1.1422 resistance and extended its upside movement from 1.1184 to as high as 1.1452. Further rise would likely be seen after a minor consolidation and next target would be at 1.1500 area. Near term support is at 1.1380, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.

EURUSD 4-hour chart