FX.co ★ EUR/USD analysis for June 24, 2020 - Potential completion of the ABC and further upside continuation towards the 1.1400

News:

Ukraine opens more hospitals to Covid-19 patients amid new high of cases

Ukraine is opening more of its hospitals to coronavirus cases as the ones initially chosen to accept patients no longer have enough beds to cope with a surge in infections, the health minister has said.

Officials say some citizens have not stuck closely enough to guidance on social distancing and other precautions to prevent the virus spreading, leading to a surge in cases.

Technical analysis:

EUR/USD has been tradingdownwards but it previously tested our second target at 1,1350. Anyway, I still expect further upside and potential re-test of the 1,1350 or even 1,1400 in the next period.

Trading recommendation:

Watch for buying opportunities on the dips using the intraday charts.

TI found potential completion of the ABC downward correction, which is good sign for further rally towards the 1,1350-1,1400.