Corona virus news:
Germany has become the latest country to close borders as European nations try to stem the spread of the coronavirus.
Its borders with France, Austria and Switzerland were shut on Monday morning, except for commercial traffic.
France is considering more stringent lockdowns, with its health chief saying the situation is "deteriorating fast".
Latest World Health Organization (WHO) figures list 164,000 confirmed cases and 6,470 deaths worldwide.
However, last week it said Europe was now the "epicentre" of the virus and urged governments to act aggressively to control the spread of the Covid-19 disease.Technical analysis:
EUR did successful test and reject of the important resistance at 1.1230. Watch for the breakout of the mini Pitchfork upward channel to confirm further downside contination.Downward targets are set at the price of 1.1062, 1.0830 and 1.0785.
MACD oscillator is showing new momentum down, which is strong sign of the bearish pressure.
Resitance level is set at hte price of 1.1230
Support levels and downward targets are set at the price of 1.1062, 1.0830 and 1.0785.
