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Global markets are digesting US negatives on coronavirus and are preparing to get terrible US employment statistics for March.
In Russia, the epidemic is growing rapidly with its center in Moscow. There is already a total of 2,776 infected by April 1, 1,880 of which are from Moscow. That is an increase of almost 20% per day.
My forecast published last March 30, reported a growth rate of 20% to 25% in Moscow per day that is until April 15. If this happens, by that time, there will be approximately 15-30 thousand patients in Moscow.
Meanwhile, globally, the center of the pandemic is currently in the USA. As of April 1, the number of infected cases already rose to 184,000. That is an additional of 24,000 new patients in a day, which is an increase of 15%.
The White House gave a very negative prognosis, saying that the deaths in the USA due to the pandemic will be from 100,000 to 240,000.
I believe that the medical system in New York will not cope with the peak load, and a new wave of negativity will enter the markets.
EURUSD:
We are waiting for a decline, but an upward movement is also possible.
You can consider purchases after a break through at 1.1150.
You can sell from 1.0635.
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