FX.co ★ EUR/USD analysis for June 05, 2020 - Potential for the downside rotation due to overbought condiiton. First downside target at 1.1260

Corona virus summary:

Technical analysis:

EUR/USD has been trading upwards. The price tested and rejected of the level at 1,1365. I see potential for the downside rotation towards the levels at 1,12600 and 1,1195.

Watch for potential selling opportunities due to the overbought condition on the 4H time-frame.