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The latest update on the coronavirus as of the morning of May 28: the report is negative.
In the US, the number of new cases is again above 20 thousand, and the number of deaths has increased once again above 1,000 per day.
The situation in Brazil is even worse. The daily increase of new cases have grown to about 22 thousand, and the number of deaths have increased to more than 1,000 per day.
Meanwhile, in Europe, everything is very good. The economy continues to open, and by June 1, everything will resume its operation.
The European Commission also approved a new program of assistance worth € 750 billion. € 500 billion will be allocated to fund the affected countries, which caused the euro to rise on Wednesday.
S&P 500 daily chart.
Optimism does not subside in the US, which is rather strange, especially since the US economy is under a recession, with unemployment in the country continuing to rise in record highs. A decline in the market is expected, so open sell positions from the current levels.
EUR/USD: A tough fight between bulls and bears continue at the area 1.1000 - 1.1020.
On Wednesday, May 27, attempts of consolidating above 1.1020 were conducted, which failed. However, traders are not losing hope, so the attempts continue even now. The resistance is probably caused by large sellers trading above 1.1020.
Open buy positions from 1.0855, or from 1.0915.
Buy positions are also recommended, after the quotes consolidate above 1.1020.
Today, at 13:30 (UTC+1), the weekly report on US unemployment will come out, the forecast of which is about 2 million new unemployed.
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