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11.02.202009:06 Forex Analysis & Reviews: Trading plan on EUR/USD for February 11, 2020

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US stock indexes showed solid growth on Monday, February 10. Because of this, the dollar is strengthening.

But first, an update on the epidemic in China: in just a day, the number of deaths have increased by 10%. The current count is 1000. Meanwhile, the number of newly infected grew more slowly from 2400 to 42 000. This is an increase of about 5%, much slower than 10%, and confirms the slowdown in the spread of the disease.

Because of this, the probability that the epidemic will be stopped has increased.

Meanwhile, another news against the euro: in Germany, the "transit of power" begins - Merkel's successor as head of CDU announced that she refuses to claim the role of Chancellor. Merkel expressed regret on this. The elections in Germany will commence in 2021.

EUR / USD: euro continues to decline, falling almost to 1.0900, with a strong 1.0880 level ahead on the way down.

Keep selling from 1.0990. Sales are also possible from 1.0960 and higher.

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