In terms of technical analysis, the EUR / USD could continue its rebound until the bearish slant which comes to seek all the major highs since 2008. This slant is very important, because it would indicate a change of paradigm in the event crossing.
For this it will be necessary to have macroeconomic statistics not only positive on the world economy, but also on the European economy. The European economy will indeed need to be resilient in the face of the economic crisis, that is, with strong retail sales, limited job losses and increasing exports.
But it is above all on the political level that Europeans should reassure. Basically, what worries investors the most is the dislocation of the euro zone and the European Union. The 27 will therefore have to show solidarity throughout this crisis, in particular on the financing measures for the recovery plan which will be discussed at the next summits.
The bloc will also have to keep a common line in the face of trade negotiations with the British and the Americans. Ideally, trade talks with London should lead to an agreement to reassure investors.