EURUSD Daily Forecast Jul 31 2020

EURO dollar 6598554 e1563323497881 Won

EURUSD: Bullish Bias Above 1.1783 Levels…

The EURUSD remains on the upside as long as 1.1783 (broken resistance turned support) holds on a daily closing basis. Resistance comes at the 1.1850 levels. A halt is likely, but a break would open 1.1938 next, further upside, resistance comes in the 1.1995 levels.

On the downside, immediate support comes at the 1.1783 levels. below 1.1783 sees limited pullback to 1.1692 levels where another rising is very likely. Below 1.1692 will suggest a large pullback to 1.1597/1.1535 levels.

In conclusion: The EURUSD sees upside threats above 1.1692/1.1783 levels…

Support: 1.1783, 1.1692, 1.1597, 1.1535, 1.1420

Resistance:1.1850, 1.1938, 1.1995, 1.2060, 1.2138

EURUSD Daily Forecast Jul 31 2020