EURUSD Daily Forecast Jul 23 2020

Forex-big 65985

EURUSD: Bullish Above 1.1540 Levels…

The EURUSD remains on the upside as long as 1.1540 -broken resistance turned support- holds on a daily closing basis. Resistance comes at the 1.1605 level. A halt is likely, it may test 1.1540 before attempts to break above 1.1605 levels. However; above 1.1605 aims the 1.1670 levels, further upside, resistance comes in the 1.1735 level.

On the downside, immediate support comes at the 1.1540 levels. Below 1.1540 sees pullback threats to 1.1460/1.1402 levels before the next rising.

In conclusion: The EURUSD sees upside threats above 1.1540 levels…

Support: 1.1540, 1.1460, 1.1400, 1.1340, 1.1269

Resistance: 1.1605, 1.1670, 1.1735, 1.1785, 1.1850

Above 1.1540 the bullish momentum remains intact, below 1.1540 sees consolidation above 1.1402 levels. Below 1.1402 weakens the bullish trend and extends the corrective pullback to 1.1340/1.1.1269 levels…

EURUSD Daily Forecasts Jul 23 2020

 

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