FX.co ★ EUR/USD analysis for July 21 2020 - Broken upside channel in the background and double top formation. Selling preferable towards the 1.1375

Technical analysis:

EUR has been trading sideways most recently at the price of 1,1436. Anyway, I see potential for further downside movement towards the 1,1407 and 1,1374

Trading recommendation:

Watch for selling opportunities due to the breakout of the rising channel in the background and double top chart formation on the 1H time-frame.

Downward targets are set at the price ofg 1,1410 and 1,1375