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06.04.202013:03 Forex Analysis & Reviews: EUR/USD analysis for 04.06.2020 - Broken intraday rising wedge pattern, selling opportunities preferable with target at 1.0743

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Corona virus summary:

Boris Johnson has been admitted to hospital due to coronavirus after suffering 10 days of symptoms including a high fever, bringing doubts about his capability to lead the response to the pandemic despite No 10 insisting it was purely precautionary.

Johnson was taken to an unnamed London hospital on Sunday after days of persistent symptoms, during which time he has been self-isolating. Last week No 10 had denied the prime minister was more seriously ill than claimed..

Technical analysis:

EUR/USD has been trading sideways at the price of 1.0800. Anyway, there is the breakout of the rising wedge pattern on the 30M time-frame, which is sign that intraday sellers are in control.

Watch for selling opportunities with the downward target at the price of 1.0743.

MACD oscillator is showing selling pressure from the background and the slow line again turned to the downside, which is strong sign of the bearish pressure.

Resistance levels are set at the price of 1.0835.

Support levels are set at the price of 1.0733 and 1.0743

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