EURUSD Daily Analysis – July 30, 2020

EURUSD extended its upside movement from 1.1184 to as high as 1.1806. Further rise is still possible after consolidation and next target would be at 1.1900 area. Near term support is at 1.1695, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.

EURUSD 4-hour chart