EURUSD Forex Weekly - 27 - 31 July 2020

EUR/USD has crossed above 1.17 for the first time in 22 months, taking the cumulative month-to-date gain to 4.23%. The American dollar is being sold across the board amid gold's rally to record highs above the September 2011 high of $1,920.

Price is currently trading out of the box and we are expecting a continuous strong bullish trending movement towards the 3.82 fibo retracement resistance key level till end month