FX.co ★ EUR/USD analysis for June 30 2020 - Downside pressure on the EUR with potentia lfor test of 1.1100

Corona virus summary:

The premier of Victoria, Australia, Daniel Andrews has announced the reintroduction of stage 3 stay-at-home orders for hotspot suburbs in the state.

From 11.59pm tomorrow night people living in those suburbs — which I'll list shortly — will only be allowed to leave their home for four reasons.

The orders will be in place until 29 July.

Victoria has been battling a new outbreak of coronavirus, which has seen double-digit one-day case increases for the last several days.

Technical analysis:

EUR/USD has been downwards. The price tested the level of 1,1195. I see further downside movement towards the last week low and even test of 1,1100.