Three dark clouds are gathering over the EUR/USD pair, pointing to the downside, FXStreet’s analyst Yohay Elam informs. Key quotes “After 16 hours of talks, eurozone finance ministers failed to reach an agreement on a common response to the coronavirus crisis. (…) Talks are set to resume on Thursday.” “The Bank of France issued an early forecast for the first quarter, suggesting the economy contracted by 6%. It also suggested that every fortnight of lockdown costs the eurozone’s second-largest economy 1.5% in annual Gross Domestic Product.” “Five leading German institutes issued gloomy projections, a contraction of nearly 10% in the ‘locomotive’ of the eurozone. The news also weighs on the euro.” “US stocks kicked off Tuesday’s trading on a high note but these gains vanished ahead of the close. The US dollar gained ground amid the safe-haven flows.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next German DAX: The neckline to the top at 10279 is set to cap strength – Credit Suisse FX Street 2 years Three dark clouds are gathering over the EUR/USD pair, pointing to the downside, FXStreet’s analyst Yohay Elam informs. Key quotes “After 16 hours of talks, eurozone finance ministers failed to reach an agreement on a common response to the coronavirus crisis. (...) Talks are set to resume on Thursday.” “The Bank of France issued an early forecast for the first quarter, suggesting the economy contracted by 6%. It also suggested that every fortnight of lockdown costs the eurozone's second-largest economy 1.5% in annual Gross Domestic Product.” “Five leading German institutes issued gloomy projections, a contraction of nearly 10% in the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
