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27.02.202008:34 Forex Analysis & Reviews: Trading plan for EUR/USD on February 27, 2020. The panic around the virus subsided.

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The panic around the coronavirus has subsided. Although the US market closed negatively, the decline was much smaller than that of Monday and Tuesday. Meanwhile, oil fell below $ 50.

News on the virus: the epidemic has obviously passed its peak in China. The total number of cases recorded is 78 thousand. 30 thousand of those has recovered. Meanwhile, for the first time since the beginning of the epidemic, the number of cases outside China exceeded the number of new cases in the country (540 and 440 respectively).

The main and most dangerous foci are South Korea and Italy (374 cases).

Nevertheless, Thursday morning brought no new huge bad news.

Trump reassured that there is no reason for US residents to panic.

Now, let's see if the market can return to normal:

Today at 14:30 London time, GDP on the orders for durable goods in the United States will be released.

EUR/USD: the euro once again slightly updated the highs of the week.

We are still waiting for a new wave of decline.

Sell from 1.0925.

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