As the international supply chains continue to be disrupted by Covid-19 and now everyday businesses are going bankrupt, a further wave of negativity might be the case forcing investors out of their positions at a time when they really need their liquidity.
The EUR had its best week in more than a decade last week but the USD might come back as a worse scenario in the US is likely going to be priced in. As well the safe-haven status of the Greenback might come back supporting further demand for the USD. We, therefore, sold the EUR/USD this morning with SL: 1.1110, TP: 1.0980.
