EURUSD Daily Analysis – July 22, 2020

EURUSD’s upside movement from 1.1184 extended to as high as 1.1542. Further rise is possible after a minor consolidation and next target would be at 1.1600 area. Support is located at the rising trend line on the 4-hour chart, only break below the trend line support could signal completion of the uptrend.

EURUSD 4-hour chart