Tickmill’s Investing Diva, EURUSD Daily Outlook 27-03-20
<p>EURUSD Daily Outlook – On Thursday the U.S. overtook China as the country with the most novel coronavirus cases in the world, marking a new milestone in the fight against the global pandemic. Meanwhile, the Dow industrials rose more than 1,300 points, putting it 20% above its recent low and back into bull-market territory, despite unemployment claims jumping to record highs last week.</p>
<p>On Friday we’ll continue to follow the Coronavirus developments around the world, and will also keep an eye on the US University of Michigan Sentiment.</p>
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<p>Today I’m looking at the EUR/USD that has just broken above the daily Ichimoku cloud following the strong bullish sentiment this week and with the USD selloff.</p>
<p>Now with the traditional Ichimoku signal, we would expect a bit of a pullback towards the upper band of the Ichimoku before rallying further up…</p>
<p>But now is not ordinary times, so depending on the US COVID-19 conditions and the economic impact, we could even see a reversal…</p>
<p>Do you think this Ichimoku signal is a fakeout, or we’ll see further gains for the EUR/USD pair? Head over to the Comments section and let me know.</p>
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