EURUSD Daily Analysis – July 28, 2020

EURUSD continued its upside movement from 1.1184 and the rise extended to as high as 1.1781. 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 1.1900 area. Near term support is at 1.1650, a breakdown below this level could bring the price back towards the trend line.

EURUSD 4-hour chart