For Traders

Analytical Reviews

Trading plan

18.02.202008:55 Forex Analysis & Reviews: Trading plan 02/18/2020 EURUSD. Coronavirus and others

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Coronavirus: 72,500 patients were ill and 1868 died in the morning of 02/18/2020.

The growth of cases per day is +1800, but this is much lower than the +10% pace a week ago.

China has managed to block the epidemic in one province of Hubei - the number of cases decreases outside - and the pace of the epidemic has significantly dropped.

But the economy will suffer: Air travel fell by 70%, many production facilities are not working - Apple announced a decline in sales.

EURUSD: Ready for another fall. Keep sales from 1.0990, sales from rebounds are possible - from 1.0880 and above.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.