FX.co ★ Evening review on EURUSD for July 13, 2020

EURUSD:

The euro attempts on another upward trend and the question of whether the euro will be able to break above 1.1370 and gain a foothold above is currently being solved.

Last week, the euro attempted to maintain an upward trend and aimed for a higher position. This, however, was not achieved.

In the morning, we entered the market from 1.1340. Stop at 1.1295.

If in case the upward trend fails to carry through and a downward pullback takes place, sell from 1.1250.

On July 15, Thursday, the ECB meeting is expected to take place and note that this will be important for the euro.

An attempt to grow is a tab on strong statements from the ECB.