FX.co ★ EUR/USD analysis for July 22 2020 - Strong impulsive movement to the upside and new momentum high on the MACD oscillator. Next upward target is set at 1.1800

Technical analysis:

EUR has been trading upwards.The EUR broke the multi day balance in the background, which is strong side for ther futher upside continuation. I see potential for test of 1,1745

Trading recommendation:

Watch for potential buying opporutnities on the dips using the hourly or 4H time-frame. The next upward target is set at the price of 1,1745 and 1,1800

Support level now became recent swing highs at 1,1547