Euro/Dollar is being traded in a narrow range, demonstrating stability in the conditions of a strengthening dollar against a storm in the oil market. The single currency does not want to give up to the "King Dollar", but is it ready for growth? The dollar as the main protective currency heats hands on the collapse of oil quotes, provoked by the coronavirus pandemic. At first, the collapse started in the market of West Texas Intermediate futures, but now Brent oil has joined them, which also sank to the lowest levels since 1999. However, EUR/USD has dived to 1.0820 only for a while, noting its falling maximum. What is the euro's support? First of all, it is the improvement of statistics on COVID-19. It is especially noteworthy that this improvement was observed on Tuesday, the day when traditionally there is an increase in indicators after the weekend effects.

EUR/USD, 30 min

Pivot: 1.0828