EUR/USD. March 18, 2020 – Euro fluctuates below 1.10 The euro continues the downward trend, having broken down the level of 1.10. The US dollar remains strong amid increased demand for dollar liquidity amid rising investor concerns about an impending recession in the global economy. In addition, the greenback was supported by plans of the US presidential administration to introduce a full package of measures to support the economy, including making payments of $1,000 to all residents (to stimulate domestic demand). At the same time, pressure on the euro continues to be provided by incredibly weak data on economic conditions and sentiments from ZEW in Germany. The first indicator fell in March to -43.1 points against the forecast of -30 points. The economic sentiment index fell to -49.5 points, although experts expected a decline to -26.4. The economic sentiment index in all countries of the eurozone amounted to -49.5 points against 10.4 a month earlier. During the day, the EUR/USD pair will continue to fluctuate below the strong support level of 1.10.