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FX.co ★ Evening review 02/03/2020. EURUSD. Euro at a crossroads

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Forex Analysis:::2020-02-03T22:40:57

Evening review 02/03/2020. EURUSD. Euro at a crossroads

Evening review 02/03/2020. EURUSD. Euro at a crossroads

The main theme is the same: The epidemic of a new virus in China. If the Chinese authorities fail to stop the spread of the epidemic in the coming weeks or months, there will be a new Big World Crisis.

So far, the chances of a crisis are less than 50%, but not zero.

EURUSD:

The main pairs relative to the dollar are as follows: The pound is ready for a fall; but the yen, franc and euro (and gold) are ready to grow against the dollar.

The euro designed range.

We buy with a break of 1.1100 up.

We sell at a breakout 1.0990 down.

Analyst InstaForex
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