dailyclassics_eur-usd_body_eur.png, EUR/USD Classical Technical Report 07.20

EUR/USD: Overall, price action remains quite bearish and we continue to like the idea of selling into rallies in anticipation of a more sizeable pullback below the 200-Day SMA. The longer-term moving average resides by the 1.3900 figure and a clear break below will open the door for a test of next key support in the 1.3750. In the interim, look for the formation of a fresh lower top below 1.4350, with only a break back above this level to delay outlook.