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09.04.202010:36 Forex Analysis & Reviews: Trading plan for EUR/USD on April 9, 2020

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Coronavirus update as of the morning of April 9:

Europe: The situation in Italy and Spain is now stable. The increase in new cases of infection is approximately +3 to +4%. The number of deaths is still high, at the level of +550 to +750 (the death toll in Spain is 750). The total number of infected people in Italy is 139 thousand, and in Spain, 148 thousand.

Unpleasant news: The death rate in Britain is 938 deaths per day; In Germany, there's +5600 new cases of infection.

US: There's already 435 thousand confirmed COVID-19 cases across the US. The death toll is 14,800, with a rate of around 1,940 deaths per day.

New York: There's 151 thousand coronavirus cases in the city. It increases daily by about 8,800, or approximately +6%. This indicates that the situation is starting to stabilize. The number of deaths increase by +780 per day, or about +13%.

EUR/USD: The European Commission will discuss today new options of financial assistance to countries affected by the pandemic. The package will be worth more than 500 billion euros.

In addition, the latest report on US unemployment will come out at 13:30 London time. The forecast is not lower than +5 million.

EUR/USD

Open buy positions at 1.0930.

Open sell positions at 1.0765.

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