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10.04.202009:15 Forex Analysis & Reviews: Trading plan for EUR/USD on April 10, 2020. The Fed has allocated another 2.3 trillion dollars for loans. EU, on the other hand, allocated 500 billion euros. The developed countries are trying to save the economy.

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On Thursday, the latest report on US unemployment showed a new jump in applications for unemployment benefits - 6.6 million.

The Fed urgently allocated $ 2.3 trillion for loans to support employment. Small and medium-sized businesses, municipalities and banks will receive funds from the government.

At the same time, EU finance ministers agreed to a new package of assistance worth more than 500 billion euros.

Developed countries are ready to take huge measures to support the economy in order to avoid a deep and long recession.

The US market rose again due to the new measures that would support the economy.

Oil

Oil quotes fell again on Friday, despite the good news that major oil producers will reduce their production. OPEC + will reduce oil production by about 10 million barrels per day, as Saudi Arabia and Russia pledged to cut production by 2 million barrels per day.

Energy ministers of the G20 countries will have a meeting today, April 10.

Coronavirus update: The situation in Italy and Spain has stabilized at reduced levels.

US: The situation in the US is also stabilizing. Although the number of infected is enormous (460 thousand), the increase in the number of cases is less than 7% (+33 thousand per day). Such a slowdown indicates the stabilization of the situation. The death rate is also slowing down.

EUR/USD: The pair is slowly growing.

Open buy positions from 1.0930, stop at 1.0840.

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