On Monday, the markets showed resistance against the coronavirus. The US stock market, as well as oil, rebounded sharply from the lows.
Update on the coronavirus: there are 90,000 cases worldwide. 80,000 of those are from China. Nevertheless, a sharp increase is still underway: in South Korea (4,300 patients), Italy (2000), and Iran (1,500).
In spite of that, there is no "new wave" of negativity yet.
News in the United States: the ISM industrial Index came out strong at 50.1.
EUR/USD: A new strong push upwards, which is a bid for an upward trend, happened on Monday. For a clearer signal, a break and consolidation above 1.1246 is needed.
Keep buying from 1.1100. Purchases from 1.1100 are also possible.