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Here is what I wrote about in my previous reviews:
The American stock market has been falling throught the week. In total, in plunged by 13% on major indexes. Probably, a slight rebound can occur on Firday.
As seen on the daily chart above, oil prices also took a nosedive. There is one reason behind these falls - it is the coronavirus epidemic that is spreading across the world rapidly. So far, 2,000 people have been infected in South Korea, and there are 650 cases in Italy.
The Russian ruble plunged against the US dollar and the euro (see the daily chart below):
The markets are on verge of a panic. The news about the epidemic is of the major importance while other reports and statistics took a back seat.
EURUSD: euro enters the range
The upper boundary is still at 1.1100
However, if the price is unable to break the current high at 1.1055 until Monday, this level may serve as a good entry point for opening buy deals.
As for me, I prefer to wait for the updates on the virus on Monday morning.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
