Trading signals

EUR/USD

EURUSD

The market sentiments slightly improved on the news that the coronavirus slowed down its spreading. However, the euro failed to use this advantage and remained under pressure. The crisis is far from over and the dollar might stay in demand for a while.

 

The main scenario assumes a recovery to 1.0870.

An alternative scenario is a decline to 1.0700. 

 

We do not rule out a break of 1.0850 and a jump to 1.0870.

A break below 1.0750 will increase a risk of falling to 1.0700.

 

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