FX.co ★ Evening review 05/11/2020 EURUSD. The market does not know where to go next

All business media are filled with forecasts and reasoning about how economies will get out of recession - but no one really knows how it will be - quickly or very slowly. A frightened consumer can go to the bottom for a long time and try to save as much as possible - in which case the economy will recover long and slowly.

All these considerations are empty until a country actually experiences recovery in a couple of months.

EURUSD: Buy from 1.0875.

We sell from 1.0765.