Euro is not coming down without a fight

EUR/USD bulls are trying to hold the price above level 1.12

The market isn’t reacting to the bad news, which is good news. The number of COVID-19 cases per day in the US has increased to a record high. The U.S. senators seek to sanction Chinese officials for violating Hong Kong’s independence. The report on the US initial jobless claims has been worse than the forecast. All these factors should have dropped the S&P 500 below 3000, the  EUR/USD should have been down to at least the support at 1.117. The international trade was down by 12.1% in April, which is the…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>