Trader's diary for March 17th. Markets to pause after slump

On March 17^th, the Russian ruble is not showing any dynamic after a sharp drop against the US dollar and the euro.

Market participants are really surprised by a 12% slump in the US stock market that occurred on March 16^th.

In fact, 7 or 8 days of such a dynamic can totally destroy the US economy.

However, it is obvious that such a strong economy cannot show deep falls every day.

Analyst expect a consolidation period. Market will learn and estimate information.

G7 leaders met Monday using video conferencing software. "By acting together, we will work to resolve the health and economic risks caused by the COVID-19 pandemic and set the stage for a strong recovery of strong, sustainable economic growth and prosperity," the group of leaders said.

EUR/USD:

Sell positions can be opened from 1.1053.

The material has been provided by InstaForex Company - www.instaforex.com