Corona virus summary:
I
The spread is believed to have come from Tonnies, a meat processing plant in Rheda-Wiedenbruck, where there have been 657 confirmed cases of the virus.
Elsewhere, Martin Hikel, mayor in the southern Berlin district of Neukolln, has said authorities are trying to trace the origins of a worrying new spread of the virus there, which has so far infected around 70 local residents.
Technical analysis:
EUR/USD has been trading downwards. As I expected, the EUR reached and rejected from our major target at 1,1214. Due to sideways condition and trading near the lower extreme of TR, I do expect further rally.
Watch for potential buying opportunities on the dips using the intraday frames 15/30 minutes for better entry. Take profit levels are set at 1,1335 and 1,1400.
