Corona virus news EU:
Europe to close its borders on 16 March.
Officials had insisted until recent days that travel restrictions would remain for the foreseeable future, with the country's president, Milos Zeman, suggesting last weekend that frontiers should stay closed for the next year.
Technical analysis:
EUR has been trading sideways at the price of 1,0800. Most recently, the EUR did create fake breakout of the 20-day low at the price of 1,0770 and in my opinion opened the door for further upside movement.
Trading recommendation:
Watch for buying opportunities on the dips with the upper targets at the price of 1,0815 and 1,0885.
Stochastic oscillator is showing bullish divergence and the oversold condition, which is another good sign for the further upside movement.
Resistance levels are set at the price of 1,0815 and 1,0885.
