Corona virus summary:
China's military has approved a coronavirus vaccine for use within its ranks that has been developed by its research unit and a biotech firm.
More than half of 17 candidate vaccines identified by the World Health Organization that are in clinical evaluation involve Chinese companies or institutes.
Hong Kong-listed CanSino Biologics said in a filing to the stock exchange that data from clinical trials showed the Chinese military vaccine had a "good safety profile" and potential to prevent disease caused by the coronavirus.
Technical analysis:
EUR/USD has been trading upwards as I expected. The price reached our second target from Friday at the price of 1,1280. Anyway, I still see potential for the upside continuation and rally towards the 1,1325 and 1,1350.
Trading recommendation:
Watch for buying opportunities on the dips due to strong upward trend and breakout of the 2-day balance to the uspide.
Upward targets are set at the price of 1,1325 and 1,1350.
