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Global financial markets lost ground as coronavirus is spreading further around the world. The US financial market plunged for a second day in a row changing all plans. Investors turned their attention to US Treasuries. Crude oil prices extended the recent losses to the lows of January and February. Gold unexpectedly fell. Possibly, it was profit taking that took place after a strong price growth.
The main coronavirus cases outside China are South Korea, Italy, and a cruise ship in Japan with 500 cases on board.
The markets reaction to the spread of the virus around the world is likely to remain strong as long as the situation returns to normal.
EUR/USD: despite the upward correction, the price is expected to fall
You can sell the euro from 1.0880 to 1.0910.
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