EUR/USD analysis for June 05, 2020 – Potential for the downside rotation due to overbought condiiton. First downside target

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.

Source: EUR/USD analysis for June 05, 2020 – Potential for the downside rotation due to overbought condiiton. First downside target

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