FX.co ★ Trader's diary for March 02, 2020. EUR/USD upward trend

EURUSD

The coronavirus has somehow subsided which brought a lull in the market. The epidemic did not show any new large foci of distribution, however, the situation in South Korea, Italy, and Iran is growing to be more complex. Despite this, South Korea and Italy seemed to have worked out control over the situation.

Meanwhile, the market is trying to return to its usual state. The gold has corrected a lot and the dollar have regained some of its losses.

The euro, on the other hand, shows a willingness to continue the trend. Last week's highs were broke, and the course came close to an important level of 1.1100.

A break above 1.1100 and consolidation above will open the way for an upward trend.

You can buy from 1.1100.