26 March 2020, EUR/USD
EURUSD trading plan:
We are expecting a bullish rally. European Central Bank is open to activating their most powerful bond-buying tool if needed to help the region’s coronavirus-hit economy. Activating OMT -- which is contingent on countries securing access to Europe’s bailout fund -- would benefit euro-area members whose strained public finances risk limiting their ability to cushion the blow of the coronavirus pandemic. This is a positive signal for the European currency!
Trading recommendation: Buy 1.0885 and take profit 1.0963.