FX.co ★ Evening review 02/27/2020 EURUSD. Euro cancels the trend

The dollar by Thursday evening - retreats on all fronts. It appears that the picture for the franc and the yen is against the dollar. The pound does not rise against the dollar, but there is no signal to fall.

This, of course, is due to the global rebalancing of large fund portfolios - due to the exacerbation of the coronavirus - and more importantly - the cessation of growth of US indices. If the US market loses growth, this greatly reduces the attractiveness of the dollar.

EURUSD: We almost came to the cancellation of the trend signal down, which (signal) was given on February 12 with a break below 1.0880.

The last point to cancel the trend is 1.0990.

If the euro rises to 1.0990, the trend is canceled as failed.

While holding sales, stop at 1.0990.