EURUSD Daily Analysis – July 20, 2020

EURUSD remains in the uptrend from 1.1184, the pullback from 1.1452 is likely consolidation for the uptrend. 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 1.1370, a breakdown below this level could bring the price back towards the trend line.

EURUSD 4-hour chart