20.07.202213:20 Forex Analysis & Reviews: EUR/USD analysis for July 20, 2022 - Breakout of the rising channel in the background

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Technical analysis:

EUR/USD has been trading downside today and I saw the breakout of rising channel in the background, which is good sign for further downside movement.

Trading recommendation:

Due to the breakout of the rising channel today, I see potential for further downside continuation of the bear trend in the background.

Watch for potential selling opportunities on the intraday rallies with the downside objectives at the price of 1.0125 and 1.000.

Key resistance is set at the price of 1.0275

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