The currency pair went upwards last week and has broken out the resistance at 1,1068. The main driver was fears about the US economy and weak unemployment claims data.

It is to mention again that US unemployment claims have reached more than 3 million people. As for French and German PMI, they were mixed.

Coronavirus will have a significant influence this week. We expect the EUR/USD to develop its uptrend due to a strong momentum. The next target is at 1,1285.