The currency pair declined las week according to our expectations. The situation with Coronavirus still dominates the markets.

USD has additional support from US Labor market data on Friday. US non-farm payrolls were better than expected helping USD to move higher.

As for US PMI, they were better than expected. US Manufacturing PMI jumped above 50 indicating on growth. US Services PMI reached 55,5, which was above expectations.

We expect EUR/USD to develop its downtrend aiming at 1,0870. It is recommended following China news.