FX.co ★ Trader's diary for May 05, 2020. EURUSD

EURUSD:

The euro is retreating under increasing pressure from the current economic recession. At present, forecasts for a decline in EU countries are growing, and fears of large credit defaults are growing.

The euro canceled growth at 1.0850. Thus, returns to the range.

You may consider purchases after breaking through 1.1020, upwards.

Sell after breaking through 1.0725, downwards.