Trading signals

EUR/USD

EURUSD

Traders keep an eye on the coronavirus spreading. News about potential German stimulus weighed on the single currency yesterday. Eurozone sentiment data will be eyed today.

 

The main scenario is a decline towards the 1.0890 level.

An alternative scenario is a growth to the resistance at 1.0930. 

 

After a bounce off 1.0910, sellers would target at 1.0890.

The euro will challenge 1.0930 after breaking through 1.0910.