Corona virus summary:
Technical analysis:
EUR/USD has been trading sideways at the price of 1,1007. I see further downside rotation due to overbought condition and rejection fo the resistance at 1,1007.
Trading recommendation:
Watch for selling opportunities on the rallies, The downward targets are set at the price of 1,0960 and 1,0935.
Stochastic oscillator is showing bearish divergence and overbought condition, which is sign that downside is expected.
Major resistance is set at the price of 1,1030.
Support levels and downward targets are set at the price of 1,0960 and 1,0935.