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- Bulls extend above 1.10 after 1% rally on Thursday
- Fresh recovery acceleration is pressuring key barrier at 1.0954
- WTI price establishes below $50 on rising pressure over fears of coronavirus pandemic
- Bears take a breather after steep fall in past three days
- Pullback from new 7-year high was so far limited as strong fears of coronavirus pandemic persist
- Fading risk appetite signals an end of brief recovery and shifts focus lower
- The dollar holds in red for the third straight day
- Pound rises on dovish shift in Fed and fading risk aversion mode
- Recovery attempts to extend on easing risk-off mode but overall picture remains bearish
- Bears to resume after consolidation as global risk-off mode weighs heavily