FX.co ★ EUR/USD analysis for July 15 2020 - Test of the maror resistance at the price of 1.1450, potential for the bigger drop towards 1.1400 and 1.1378

Technical analysis:

EUR/USD has been trading upwards. Anyway, I found that there is the potential for the downside rotation towards the 1,1400 and 1,1380 due to the resistance on the test.

Trading recommendation:

Watch for potential selling opporutnities due to rejection of the major resistance and potential for downside movement towards the 1,1400 and 1,1380.

Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.

Downward targets are set at the price of 1,400 and 1,1380.

Major resistance is set at 1,1450