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25.05.202015:20 Forex Analysis & Reviews: EUR/USD analysis for May 25, 2020 - Rejection of the support at the price of 1.0890. Upside movement is expected towards the level at 1.0940

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Corona virus summary:

The Japanese prime minister, Shinzo Abe, is to lift the state of emergency imposed due to the coronavirus crisis. He said on Monday that the country had managed to get the spread of the virus under control in under two months.

Physical distancing curbs were loosened for most of the country on 14 May as new infections fell, but the government has kept Tokyo and four other prefectures under watch.

Technical analysis:Technical analysis:

EUR/USD has been trading sideways at the price of 1,0895. My analysis from Friday is still active and I still expect upward rotation towards the level at 1,0940.

Trading recommendation:

Watch for buying opportunities near the support at 1,0890. I see potential for the test of the recent swing low on the 4H time-frame at 1,0940.

Key support level is set at the price of 1,0870

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