The EUR/USD hits the second target – Analysis – 22/07/2020

eu-l8The EURUSD pair begins today’s trading with more rise to achieve our second waited target at 1.1550, and we see that the way is open to achieve more expected gains in the upcoming period, as the price moves inside bullish channels that support the chances of continuing the bullish trend on the intraday and short term basis, noting that our next station reaches 1.1715.

Therefore, we are waiting for more bullish bias in the upcoming sessions, taking into consideration that the continuation of the bullish wave requires holding above 1.1420 and the most important above 1.1365.

The expected trading range for today is between 1.1470 support and 1.1650 resistance.

The expected trend for today: Bullish

Origin: Economies

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