Outside of China, the virus is spreading very quickly. In Spain, the armed forces have stepped in to help deal with the coronavirus. They are already patrolling the streets of Valencia, Seville, Zaragoza, Leon, Las Palmas and Santa Cruz de Tenerife. Sanctions for violation of the quarantine regime are very strict.
Disobedience or resistance towards officials, in cases where this does not constitute another crime, in particular, such as refusing to cooperate in identifying or providing false or inaccurate data in the process of identification carries a fine from 600 to 30,000 euros. Malicious disobedience or resistance towards the relevant authorities is punishable by imprisonment of three months to one year.
At the time of writing, the euro is worth 1.1142. On the hourly chart, a reversal formation appeared which points to growth, but its formation may drag on until mid-Tuesday. Since the price is trading below the balance line (Lb) and given the volatility of the situation surrounding the virus, it is assumed that bears will look to defend the 1.1230 level. A compromise for Monday would be the continuation of lateral movement under the Lb in the range of 1.1060 -1.1205. A breakdown of the resistance around the 1.1225-mark will open up the way for bulls to reach 1.1305, however, there is no guarantee this will come to fruition amidst the current situation with the coronavirus.