21.02.202011:17 Trader's Diary: EUR/USD on 02/21/2020, Coronavirus stops, but its consequences are yet to come

Exchange Rates 21.02.2020 analysis

A simple picture to understand: Car sales in China fell by a whopping 92% in the first half of February due to the coronavirus epidemic. Given the role of China as the second largest economy in the world, one can assess the danger to the global economy.

Germany: Amid the epidemic in China, industrial orders fell sharply, and industry forecasts were negative.

The fall of the euro is associated with risks for German exports.

EURUSD:

We look forward to a new fall.

We keep euro sales from 1.0990 and sell from upward bounces, starting at 1.0860 or higher.

*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.

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Sam Alan,
Analitickog eksperta
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