Investors want to trade riskier, and dire economic and virus background doesn't stop that. The USD will testify.
EUR/USD: main trend still bearish
Information is not investment advice
The main trend is still bearish. At the same time, there's an 'Inverted Hammer', which hasn't been confirmed yet. In this case, for now, it's likely that the market is going to test the nearest resistance by the 'Window' and the 34 Moving Average (1.1304). The subsequent pullback from these levels could lead to another decline in the direction of the next support at 1.1148.
Yellow metal has become the best performing asset during the coronavirus. Some analysts foresee it will reach $2 000.
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
GBP/CHF formed a "bullish engulfing" candlestick on the W1. On smaller timeframes, we see a higher low that makes the price action resemble an “Inverse Head and Shoulders” pattern.