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09.04.202016:12 Forex Analysis & Reviews: Evening review for EUR/USD on April 09, 2020

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EUR / USD

The euro is waiting for two things today:

1) Report on the negotiations regarding new assistance that would help the EU economy fight the effects of the coronavirus - we are talking about a package worth more than 500 billion euros.

2) The weekly US unemployment report.

US report: More than 6.6 million Americans lost their jobs last week. 7.5 million are unemployed for more than 2 weeks already.

Although there is no economic data for April, these figures allow us to assess the depth of the crisis in the United States.

According to Bloomberg analysts, the global economy will lose about 5 trillion dollars, which is about 6-7% of the annual global GDP. Experts believe that the crisis will last at least 1 year.

EUR / USD: The euro may reverse upwards.

Open buy positions at 1.0930.

Open sell positions at 1.0765.

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