Corona virus summary:
More than 10 times as many people in Germany have likely been infected with the coronavirus than the number of confirmed cases, researchers from the University of Bonn have concluded from a field trial in one of the worst hit towns.
The preliminary study results, which have yet to be peer reviewed for publication in a scientific journal, serve as a reminder of the dangers of infection by unidentified carriers of the virus, some of whom show no symptoms, the researchers said.
The readings come as Germany took further steps on Monday to ease restrictions, with museums, hairdressers, churches and more car factories reopening under strict conditions.
Technical analysis:
EUR/USD has been trading downwards. The price tested and rejected of the solid support at the price of 1,0925, which is sign that there is potential for the new push higher.
Trading recommendation:
Watch for buying opportunities on the EUR. The 4H time-frame is sugesting that there is room for the upside cycle due to the bull flag pattern in play and rejection of the middle Bollinger line.
Upward targets are set at the price of 1,0987 and 1,1015
Resistance levels are set at the price of 1,0987 and 1,1015.
Support level is set at the price of 1,0925
