FX.co ★ Evening review for May 12, 2020. EURUSD

EURUSD:

In a situation of high uncertainty in the markets, large investors have to choose which currency is more stable in a situation of acute crisis. During the 2008-09 crisis, the dollar became the undisputed leader, where all currencies fell against it. All went to the dollar and the Treasury, the euro, the pound, and the yen are no exception.

However, the situation at present is different. At the beginning of the crisis, the euro was already quite cheap against the dollar.

There is a new signal for the growth of the euro.

You may buy from 1.0875 and keep purchasing.

Sell from 1.0765.