EURUSD short - Like predicted - 200pips - Why? Explained!

Hello Traders !

Nice moves on EURUSD. I mentioned in my long term view that we will see more moves to the down side and EURUSD dropped over 200pips today.
I still have my long term view short. I marked some levels for EURUSD. We could see price moving a little bit to the upside before dropping more but it is also possible to see the drop now.

Why is EURUSD dropping so much?
For me not only the charts looks like EURUSD will drop(check out my EURUSD - longterm view) but also the fundamental show us clear confirmation for the EUR to drop. If we look at the impact of Corona Virus, Italia which have EUR as main currency is one of the countries who suffers most from the Corona Virus. Also if we look at Europe. A lot of european countries suffers from the corona virus. This affects the economy a lot. In Austria and Germany a lot of companies have closed.

I hope you did like my explanation and my chart analysis.

Thank you and we will see next time
- Darius.