EURUSD Technical

11. Juli 2020

EUR/USD recovered to 1.1370 last week but retreated sharply since then. Initial bias remains neutral this week first. On the upside, above 1.1370 will target 1.1422. Break there will resume whole rebound from 1.0635 to 1.1496 key resistance. However, on the downside, break of 1.1258 minor support will turn bias back to the downside, to extend the consolidation to 38.2% retracement of 1.0635 to 1.1422 at 1.1121.