BTC News:
In the midst of an unprecedented global health crisis, Donald Trump has decided to cut US funding to the World Health Organization after accusing the international body of "severely mismanaging and covering up" the threat posed by the coronavirus. Leading health experts described the president's move as "damnable", "appalling" and "a crime against humanity".
For context, the WHO declared a public health emergency on 30 January – after which the president continued to hold mass rallies and compare Covid-19 to the common flu. On Tuesday, Trump complained the WHO had "defended the actions of the Chinese government, even praising its so-called transparency". On 24 January, Trump tweeted his thanks to the Chinese for their work on the virus, praising their "efforts and transparency".
Technical analysis:
EUR/USD has been trading downwards. The pr rice tested and rejected of the support at the price of 1.0905. Due to confluence of the support pivots around 1.0900, my advice is to watch for the buying opportunities.
Trading recommendation:
Watch for buying opportunities with the upward target at the price of 1.0990.
MACD oscillator is showing positive reading and the slow line is slopping to the upside, which is sign of the buying pressure.Resistance level is set at the price of 1.0990.
Support levels are set at the price of 1.0900 and 1.0890.
