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19.02.202008:29 Forex Analysis & Reviews: Trading plan on EUR/USD for February 19, 2020. Poor German data pushed the euro below 1.0800

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Update on the coronavirus epidemic in China:

The number of infected people increased to 74 thousand (+2 thousand per day), while the number of deaths is now 2 000 (+10% per day).

The epidemic is now confined in Hubei, a province of China, and the number of infected people is decreasing outside the province. There is a good chance that the growth of the epidemic will stop soon, as the growth of newly infected has decreased significantly.

EUR/USD: Bad data on the German economy released on Tuesday dropped the euro below 1.0800. The currency remains in a downward trend. The yen and the franc are also falling against the dollar, but these currencies still have ranges, and there is no trend.

Today, the US inflation report will be released at 14:30 London time.

Keep selling from 1.0990.

Sales, with rebounds to the top, are possible from 1.0860 and above.

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