Trading plan for April 28, 2020. EUR/USD. The US market, central banks, and the coronavirus.

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The US market arose despite negative economic reports.

According to data, US unemployment is approaching 20 million, and the US economy is expected to decline by -6.5% of GDP at the end of this year (-4% in the global economy). Fed's injection of liquidity influenced the growth, but it is only temporary, so a turndown is expected soon.

WTI oil, meanwhile, continues to plummet due to oversupply:

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EUR/USD - awaiting movement:

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Volatility is expected to rise ahead of Fed and ECB meetings on Wednesday and Thursday.

Keep purchases from 1.0850, but be ready to sell from 1.0725 with a full turn down.

Coronavirus update:

Western Europe is steadily emerging from the pandemic:

Daily deaths in Italy and Spain is now below 350.

In Britain, from above 800, daily deaths fell below 400.

Europe's infection rate is no longer higher than 2% per day. Britain's is about 3% per day.

USA: Infection rate fell to 2% per day. Daily deaths fell below 1,500.

A steady decrease in the number of active cases must be seen in the US.

New data on Russia will be released after 8:30 London time. Read it on "Trader's Diary" today.

The material has been provided by InstaForex Company - www.instaforex.com