Coronavirus updates as of the morning of May 8: Almost 1.3 million cases have been detected in the United States. The number of deaths have reached almost 30 thousand. If we consider the mortality rate from the virus as 1%, then the real figure of infections in the US is about 3 million. In the US, the pandemic will stop at the expense of a significant number of active cases, as well as a reduction in infection rate due to this.
Meanwhile, Russia ranks number 2 in the highest number of new cases (Moscow has more than 50% of cases). Russia is one of the five most infected countries in the world - and may possibly surpass Britain.
In the US, the number of deaths is above 2,000 per day. To stop, a steady decrease below +1,500 deaths per day should be recorded.
On May 8, Russia records the first signs of stabilization with the slight decrease in the daily growth of infections. However, conclusions can only be made after May 12.
EUR/USD: The decline of the euro has stopped.
Be ready to sell positions at a break of 1.0765 down, although a movement upwards is more likely.
A breakout of 1.0855 will form a new level upwards.
