EUR/USD analysis for June 26 2020 - Potential for the bigger rally on the EUR due to the breakout of the downward channel in the background.

Corona virus summary:

France's health minister, Olivier Veran, says the scheme involving residents of 30 districts who have been invited to take a diagnostic virology test, could be extended to the rest of France if it proves useful. The virology tests, as opposed to blood antibody tests, are usually done by taking a swab from the patient's nose to check for the presence of the virus's genetic material (RNA) and are considered extremely accurate.

Technical analysis:

EUR/USD has been trading sideways at the price of 1,1225. The EUR did break the downside channel in the background and I expect further rally towards the levels at 1,1255 and 1,1280.

Trading recommendation: