Renewed coronavirus jitters are pushing the US Dollar higher, capping the upside on the euro. After hitting 1.18 our first target yesterday, we think there is more pain to come for the single currency if the bears break below the 1.18 support. Meanwhile, comments by the ECB President Christine Lagarde and the release of the final Q4 GDP print, will play a key role in driving the greenback today.
Support: 1.18 / 1.1755
Resistance: 1.1840 / 1.1870
