FX.co ★ EUR/USD analysis for July 23 2020 - Strong weekly momentum to the upside with potential for test of 1.1840

Technical analysis:

EUR/USD has been trading strongly to the upside with the good momentum and I see potential for the continuation towards the important resistance at 1,1840.

Trading recommendation:

Based on the weekly time-frame, I found that buyers are in total control with strong momentum to the upside.

Watch for potential buying opportuntiies on the dips with the upward target at the price of 1,1840.

Stochastic oscillator is is showing new momentum up, which is good sign for the further upside continaution.