FX.co ★ Evening review on EURUSD for July 07, 2020

EURUSD:

In the morning, the EUR/USD bulls were depressed due to the strong fall of the euro which has canceled the growth that was happening several times in June.

However, by 13:00 UTC, the picture has changed radically.

Now the growth resumes with the initial target at 1.1340 and upon breaking through this level, it may continue towards 1.1420 and further to 1.1500.

We'll see how the rest will unfold.

So far, you may keep purchases from 1.1245 with a stop at 1.1258.