EURUSD Daily Analysis – July 23, 2020

EURUSD extended its upside movement from 1.1184 to as high as 1.1601. 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 1.1700 area. Near term support is at 1.1500, a breakdown below this level could bring the price back towards the trend line.

EURUSD 4-hour chart