FX.co ★ EUR/USD analysis for 05.07.2020 - Sellers became exhausted ? Watch for buying opportuities with potential test of 1.0895

Corona virus news:

Deforestation and other forms of land conversion are driving exotic species out of their evolutionary niches and into manmade environments, where they interact and breed new strains of disease, the experts say.

Coronavirus: 'Nature is sending us a message', says UN environment chief

Three-quarters of new or emerging diseases that infect humansoriginate in animals, according to the US Centers for Disease Control and Prevention, but it is human activity that multiplies the risks of contagion.

A growing body of research confirms that bats – the origin of Covid 19 – naturally host many viruses which they are more likely transfer to humans or animals if they live in or near human-disturbed ecosystems, such as recently cleared forests or swamps drained for farmland, mining projects or residential projects.

Technical analysis:

EUR/USD has been trading sideways at the price of 1,0800. Anyway, I found that there is potential for the upside rotation due to the exhaustion of the sellers and the bullish divergence on the oscillators.