08.04.202012:21 Trader's diary. April 04, 2020. EUR/USD. Euro expected to raise

Exchange Rates 08.04.2020 analysis

Coronavirus update: The COVID-19 outbreak in Europe is slowing. In Italy and Spain, the number of new cases has declined sharply. The death toll has fallen to 600-700 cases per day.

The infection rate in the US is still increasing by 8% per day. The total number of coronavirus cases in the US is around 400,000. There are at least 1,000 deaths per day across the country with around 700 deaths in New York.

Despite economic problems in Europe, there have also been contradictions between EU countries on how to support the economy. The meeting is rescheduled for Thursday.

EUR/USD

The euro holds steady.

It is preferable to open sell deals at 1.0765.

Buy deals are at 1.1040

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Uitgevoerd door Sam Alan,
Analytische expert
InstaForex Group © 2007-2020
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Kan u nu niet praten?
Stel uw vraag in de chat.