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10.04.202016:56 Forex Analysis & Reviews: Evening review of EUR/USD on April 10, 2020. EUR gains ground ahead of weekend

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The euro has been growing slightly for the second day in a row after on Thursday the Fed announced a new record $ 2.3 trillion round of loans to support the labour market, as well as after dismal data on unemployment in the United States where the number of new weekly jobless claims jumped by 6.6 million.

Today, the market has closed earlier due to Easter. Investors are awaiting some new data on the coronavirus epidemic after the weekend in order to adjust their outlook.

For now, it can be seen that in Italy and Spain, the epidemic has passed its peak. There is a slower pace of new cases - about 3-4 per cent per day, while an increase below 7 per cent per day reflects a decline in the epidemic spread. The number of deaths in Italy and Spain fell to the level of 500-600 per day. Nevertheless, France, Britain, and Belgium reported surges in coronavirus death tolls per day.

In the United States, there are also signs of stabilization. The growth of new cases has slowed to 7 per cent per day; while the daily death toll is still high - about 2,000.

New data on the epidemic for April 10 has not been released yet, perhaps again due to Easter.

EUR/USD: Open buy deals from 1.0930 with a stop loss order at 1.0840.

Take care and stay healthy.

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