FX.co - EUR/USD analysis for July 28 2020 - Completion of the ABC downside correction and potential for the new upside leg towards 1.1800

2020-07-28T11:27:26

Relevance until2020-07-29

Technical analysis:

EUR/USD analysis for July 28 2020 - Completion of the ABC downside correction and potential for the new upside leg towards 1.1800

EUR/USD has been downwards in the past 12 hours towards the 1,1700 but I see still further upside towards the 1,1800 and 1,1850.

Trading recommendation:

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ EUR/USD analysis for July 28 2020 - Completion of the ABC downside correction and potential for the new upside leg towards 1.1800