FX.co ★ EUR/USD analysis for July 13 2020 - Resistance at the price of 1.1330 on the test. Potential for the drop towards the 1.1258

Technical analysis:

EUR/USD has been trading upwards most recently but the resistance at the price of 1,1330 is on the test and I see potential for the downside rotation.

Trading recommendation:

Due to the breakout of the rising channell in the background from the last week and test of resistance, I see potential for the drop towards the 1,1258 and 1,1200.

Watch for potential selling opportunities on the rallies using the 5/15 minutes time-frame for better entry location.

Downward targets are set at the price of $1,1258 and 1,1200.