empty
 
 
26.02.2020 08:34 AM
Trading plan for EUR/USD on February 26, 2020. The coronavirus strikes back.

This image is no longer relevant

The coronavirus has dealt a second blow to the markets. After declining by 3.5% on Monday, the main US indexes fell once again by 3%. Overall, the US market has fallen by 7% from its highs, returning to the prices from early December 2019. Although it is not a crisis, it is still a reason to be careful.

The reason: the spread of the virus around the world. With 1,160 cases recorded, the main focus is on South Korea. The second dangerous focus is Italy, where there are 323 patients and 11 deaths recorded.

In China, 79,000 people got sick. 29,000 of those have already recovered, while 2,700 have died.

In the United States, the release date for the coronavirus vaccine is 1.5 months (mid-April). The vaccine has already been tested on mice, and has shown an effect. It is now being tested on humans.

EUR/USD: The euro continued its correction after a long declinel.

We are still expecting a new wave of decline.

Sell from 1.0895 and above.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback