EUR/USD forecast, July 17, 2020.


On the 4 hour chart, we can see that the EUR/USD pair is trying to grow. This pair has already bounced off and prepared for a rise. It was confirmed by the William %R at the oversold level. The price is moving above the Exponential Moving Average Period 50. From this technical point of view give, the pair will try to reach the 1.1422 level for the second time as its first target and the 1.1442 level as its second target. This scenario is likely to come true if EUR/USD does not drop and close bellow the 1.1371 level.


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