The markets relaxed on Tuesday, as oil and the US market rose correctively.
The main driver of the movement is the coronavirus.
Latest news: There are already 36,000 cases outside of China. Patients increase more than 10% per day.
The most difficult situation at the moment is in Italy, with more than 10,000 cases recorded. As a result, the country is now in quarantine.
Although South Korea has 7.5 thousand cases, the situation is already improving there. Meanwhile, Iran has more than 7,000 cases.
Both Germany and France have more than 1,000 patients. New foci: US and Spain - with more than 1,000 patients each.
Israel, on the other hand, has introduced a full quarantine for all those entering the country, without exceptions.
As we can see, the situation in Europe is difficult.
The ECB issued a short statement saying that it is monitoring the situation, and is ready to take any action to support the economy. The ECB's meeting will happen tomorrow, Thursday, March 12. It is very possible that the ECB will offer a liquidity injection.
EUR/USD: a deep correction has taken place.
Keep purchasing from 1.1100.
Buy from 1.1200.
