EUR/USD Outlook (28 February 2020)

Overall, EUR/USD is moving across. Recently, EUR/USD trended higher into the resistance level of 1.10000.
Yesterday, European Central Bank (ECB) president Christine Lagarde told the Financial Times that the severity of the coronavirus outbreak on the European economy is not at the level whereby the ECB needs to amend its monetary policy.
Currently, EUR/USD is testing the resistance level of 1.10000 and the next support level is at 1.08000.
Look for buying opportunities of EUR/USD if it breaks the resistance level of 1.10000.