The Germany government is pledging 500 billion euros to help companies affected by the coronavirus.
On March 12th, the US stock market showed a slump by 9%. The New York Fed provided massive liquidity of $500 billion to calm markets.
At the same time, the ECB offered additional net asset purchases of 120 billion euros until the end of 2020.
EUR/USD: the euro is slowly moving down.
Buy positions can be opened from the level of 1.1495.
Sell positions can be opened from 1.077.
Market participants are waiting for closer levels.
