EURUSD Wave Analysis – 22 July, 2020
July 22, 2020 @ 17:49 +03:00
• EURUSD broke key resistance level 1.1500
• Likely to rise to 1.1650
EURUSD continues to rise steadily after the earlier breakout of the key resistance level 1.1500 (previous multi-month high from the middle of March).
The breakout of the resistance level 1.1500 accelerated the active impulse wave 3 from the end of June.
With the positive euro sentiment continuing to dominate the markets – EURUSD is likely to rise further toward the next resistance level 1.1650 (target for the completion of the active impulse wave 3).