27.05.202012:36 Forex Analysis & Reviews: Trader's diary on May 27th, 2020. Outlook for EUR/USD. In Russia, COVID-19 outbreak passes peak

This is the most important chart that reflects the number of active coronavirus cases. That is the number of people under treatment. (Russia, May 27^th). We can see that the chart is declining form its high. However, we should take into account that a drop recorded in Moscow contributes to a general decline more than other regions. At the same time, in Saint Petersburg, scientists logged a decrease of 350 people. About 10 thousand people are still under treatment.

This chart reflects the number of new cases a day. Since May 11^th, there has been a confident fall. Today, the number of new infected people totaled 8,100. According to the dynamic showed by other countries, the epidemiological situation may improve in a month, that is by June 11^th. In Moscow, the improvement could be achieved earlier – by June 3-5^th.

The ruble against the US dollar. The Russian ruble stopped moving up. However, it is expected to be strong until a vote on constitutional amendments that will be approximately held on July 26^th or until autumn. In a long-term perspective, the Russian currency may drop amid lower oil prices. Europe has already stopped buying Russia's gas because their oil storages are full.

It is possible to buy US dollars and euros.

EUR/USD: Buy positions from 1.0855.

1.0870 is a pivot point.

New buy deals could be opened, when the euro consolidates above 1.1020.