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France will begin to ease its COVID-19 lockdown

France will begin to ease its COVID-19 lockdown | 29 April 2020

29 April 2020, EUR/USD

EURUSD trading plan:

France will begin to ease its COVID-19 lockdown from May 11 to avoid an economic meltdown, Prime Minister Edouard Philippe said. Schools will gradually reopen and businesses will be free to resume operations, Philippe said in an address to parliament. More than 23,000 people have died in the pandemic in France, the world's fourth highest toll behind. The government will take advantage of the slowing spread of the virus to rescue a free-falling economy, though Philippe said the French people would have to adapt to a new way of living. This is a positive signal for the European currency.

Trading recommendation: Buy 1.0840 and take profit 1.0885.

David Johnson
Analyst of «FreshForex» company
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