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FX.co ★ Evening review for EURUSD on February 5, 2020. Positive on the epidemic in China supported the markets

Evening review for EURUSD on February 5, 2020. Positive on the epidemic in China supported the markets

Evening review for EURUSD on February 5, 2020. Positive on the epidemic in China supported the markets

News from China: Chinese doctors may have found a cure for the coronavirus, an epidemic that has become a major risk to the global economy. The effect has not yet been confirmed, but if successful, it could stop the epidemic.

So far on Wednesday morning, there were 24 thousand infected. Almost 500 were dead. The spread rate has been at least 10% per day.

European markets are growing, and the US is likely to grow as well. Oil rises to $51.

The market is also waiting for news on employment in the US at 14:15.

EURUSD: Range.

We sell with a break below 1.0990.

We sell with a break below 1.0990.

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