Public health officials in Europe are issuing warnings and taking action to restrict social-distancing as the number of coronavirus infections begins to rise.

In Spain, the number of cases has continued to rise, with Eastern Europe and the Balkans being the hardest hit.

According to a statement announced by the Prime Minister of the United Kingdom yesterday, he has warned in some European countries to be aware of a possible second outbreak of coronavirus.

Earlier this week, for the United States, the rate of coronavirus infection in Texas rose from 390,000 to about 410,000 today. In the United States, the number of infected people reached 4,430,000.

The unemployment rate in Spain for the second quarter was 15.33%, compared with the forecast of 16.50%, a positive sign for the euro.

Pivot Point: 1.17300

R1: 1.17600                 S1: 1.16800

R2: 1.18000                S2: 1.16500

R3: 1.18300                 S3: 1.16100

Today forecast, investor should make a long position in product EUR/USD at current price of 1.16500 by setting take profit at 1.17900 and stop loss at 1.15800.

Analyzed by: Mr. Long Samnang,Independent Analyst