Investors want to trade riskier, and dire economic and virus background doesn't stop that. The USD will testify.
EUR/USD: price to test nearest resistance
Information is not investment advice
There's a bullish 'High Wave' pattern, which hasn't been confirmed yet. However, it's likely to have an upward correction, so we should watch the nearest resistance at 1.1221 by the last 'Three Methods' pattern. The subsequent pullback from this level could be a starting point for another decline in the direction of the next support at 1.1011.
The Canadian employment change has been published together with the US PPI. Don't miss the best chance of this week!
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!