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FX.co ★ Trading plan for April 27, 2020. EUR/USD. Covid-19 analysis and forecast for Russia.

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Forex Analysis:::2020-04-27T07:10:18

Trading plan for April 27, 2020. EUR/USD. Covid-19 analysis and forecast for Russia.

 Trading plan for April 27, 2020. EUR/USD. Covid-19 analysis and forecast for Russia.

EUR/USD: Buy euros from 1.0850, and stop at 1.0805. The target level is 1.0950.

In case of a complete reversal, sell from the level of 1.0725.

The Euro is waiting for positive news from the ECB.

Coronavirus situation analysis:

Europe has already passed the peak of the pandemic. In Italy and Spain, the graph of active cases rose a few days ago but is now steadily declining. Other countries have passed the peak earlier. The most unpleasant situation is still in Britain, where authorities did not introduce quarantine for a long time.

As of April 26, daily deaths in Europe fell sharply: in Italy, Spain and France, fatality was no more than 300 per day. In Britain, deaths amounted to 413, almost 2 times lower than the previous days.

It seems that Europe is already emerging from the pandemic. Restrictions for the people and the economy are also starting to be lifted - shops, squares, parks, and businesses are starting to re-open.

The United States, meanwhile, is currently at the peak. Active cases are almost 1 million: 987 thousand, and the increase is about 2%. Fatality is about 1,157 per day.

It appears that the figures are not the maximum yet. The US is yet to pass the pandemic's peak.

In Russia, a drop in the daily increase of new cases was observed - currently below 7% per day.

Russia may repeat Italy's scenario - but with a slightly smaller number of patients (about 1.5 times lesser than Italy's).

Forecast: Russia will reach the maximum number of active cases on May 19-20. After that, it will begin to decline.

Active cases in Russia may reach approximately 120 thousand.

In Moscow, it will probably be about 60-70 thousand cases.

In St. Petersburg, about 3.5-4.5 thousand cases.

Analyst InstaForex
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