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EUR/USD Outlook (20 July 2021)

Short
Euro / U.S. Dollar (FX:EURUSD)  
JinDao_Tai  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Forex macro technical trend EURUSD
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trendanalysis forex macro technical trend eurusd
Overall, EUR/USD is trending downwards. Recently, EUR/USD failed to break the resistance zone of 1.18200 due to a global concern in a rebound in COVID cases.

Currently, EUR/USD is moving towards the resistance zone of 1.18200 and the next support zone is at 1.16300.
Look for short-term selling opportunities of EUR/USD if it bounces off the resistance zone of 1.18200.
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