FX.co ★ EUR/USD analysis for June 23, 2020 - First upward target at the price of 1.1292 has been reached. Potetnia test of second target at 1.1340

Corona virus summary:

The known number of cases of coronavirus has passed 9 million. According to Johns Hopkins University, which keeps a tally of official statistics, 9,036,002 cases have been reported.

The United States is the world's worst affected country by case numbers, with more than 2.3 million cases alone.

Technical analysis:

EUR/USD has been trading upwards. As I expected, the EUR/USD reached our first upward target from yesterday at the price of 1,1292 and is heading to test the second one at the price of 1,1340.

Trading recommendation:

Watch for potential buying on the dips using the intraday frames like 15/30 minutes with the upward target at 1,1340.

Additionally, there is the breakout of the falling channel in the background, which is good sign for further rise...

The intraday support is set at 1,1280 and then at 1,1255