EUR/USD had a huge fall for the last 2 weeks as the pair has dropped nearly 500 pips so far due to Coronavirus but has recovered since then. We are highly likely to witness similar trending ahead as well, so that’s why it's better to stay in middle ground instead of all out to benefit.

GBP/USD had a big time drop since the coronavirus outbreak. However, this week we have seen things get better as pair recovered upto 600 pips. It will be interesting to see where things head next but until this problem closes it there is likely scenario of similar thing continuing.

USD/JPY so far has seen mixed time through Coronavirus with dropping the price. We have seen it move upto 111 levels before dropping it back down towards 109 levels. With so much uncertainty, it's very much okay to stay out of any long term commitments.

EUR/JPY was relatively mixed due to the Coronavirus threat in both countries, it’s highly likely to remain such as we saw it drop down to 120 levels before pushing high at 121 levels and that’s why no long term trade seems to be pulling up. It will be sensible only to go for short trades until the panic stops.

AUD/USD started the week on the positive note, so seems to be pushing further on similar line ahead. Right now, it looks to be pushing further ahead with 0.65 levels. But currently there are no certainty with the movement with how we go about doing things.

USD/CHF was down with the start of the week, but it seems to be pulling back up. Right now, we could witness another wave towards 0.97 levels, so it could be good time to go for buy here but we need to be extremely careful with right money management.

USD/CAD was bullish to begin the week but things are slowly down a bit. It will be interesting to see where it all lands up but we still need to be extremely careful with how we go about approaching all these things because that’s how we will benefit.

GBP/CHF was bearish during the first 24 hours of the week, but we could see pull up soon enough, it will be good opportunity for us to go for short term trades but it must be kept with the right level of risk in order to benefit from and avoid any major hiccups.

Hi

EUR/USD news today:

Euro/dollar buyers made a stand once again at trend-line chart support in the 1.0810s yesterday. This technical development, along with some attempts by OPEC+, President Trump and the US Oil Fund to boost oil market sentiment appeared to be enough to get EURUSD back above the 1.0850s level by the NY close.

The euro has a moderate bid tone to it this morning as the improvement in global risk sentiment knocks the USD broadly lower, but we think its lagging its G7 peers because of the continued rise in peripheral European bond yields ahead of tomorrows EU Summit. The widely followed BTP/Bund yield spread traded to a new swing high of +271bp over the last hour. Spot gold prices have reclaimed the $1,700 mark. Trump's tweet isn't helping now either as the USD recovers.

EUR/CHF: EUR/CHF daily chart looks absolutely bullish trend and the next resistance is 1.0707. Last day it makes some correction but from starting the day it's jumping like Tortoise.