EURUSD Daily Forecast Jul 21 2020

EURO - dollar - 65985-

EURUSD: Bullish Bias Above 1.1402 Levels…

As long as 1.1402 broken resistance – turned support – holds on a daily closing basis. The EURUSD remains on the upside to 1.1460 levels. A halt is likely, it may test 1.1402 before attempts to break higher. Anyway; above 1.1460 aims 1.1540 levels, further upside, resistance stands at the 1.1593 levels.

On the downside, immediate support comes in the 1.1402 levels. A daily closing back below that level will suggest corrective pullback threats to 1.1340 levels. A halt is likely but a cut-through support 1.1340 will extend the corrective pullback to 1.1269 levels, next support comes in the 1.1178 levels.

In conclusion: The EURUSD sees upside threats above 1.1402 levels, below 1.1402 sees pullback threats to 1.1340 levels…

Support: 1.1402, 1.1369, 1.1340, 1.1269, 1.1178

Resistance:  1.1460, 1.1540, 1.1593, 1.1640

EURUSD Daily Forecast Jul 21 2020

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