FX.co ★ Forex review: EUR/USD for March 17. Global economy slides into crisis

The first reports on the economy in the period of the pandemic:

Experts see China's first-quarter GDP shrinking by 9%.

The ZEW Economic Sentiment Index for the euro area fell to minus 49 (!)

The New York Fed's Empire State manufacturing index declined to minus 12 (!)

Retail sales in the US dropped by 0.5%, taking into account that there was no spread of the coronavirus in the United Stated in February.

EUR/USD broke through the level of 1.1055 while moving downwards.

Keep sales from the level of 1.1053.