Forex Review: EUR/USD. EUR still falling

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The Germany government is pledging 500 billion euros to help companies affected by the coronavirus.

On March 12th, the US stock market showed a slump by 9%. The New York Fed provided massive liquidity of $500 billion to calm markets.

At the same time, the ECB offered additional net asset purchases of 120 billion euros until the end of 2020.

EUR/USD: the euro is slowly moving down.

Buy positions can be opened from the level of 1.1495.

Sell positions can be opened from 1.077.

Market participants are waiting for closer levels.

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