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23.06.202011:36 Forex Analysis & Reviews: Trading plan for EUR/USD on June 23, 2020. The euro is on its way up. Coronavirus updates from around the world. News on the US market.

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.

Exchange Rates 23.06.2020 analysis

The table above contains coronavirus statistics as of the morning of June 23:

According to the data, the pandemic wave in the US continues. The daily increase is still above 30 thousand, but mortality has decreased to less than 400. This suggests that the treatment methods may have worked.

In Brazil, some stabilization has been observed, as the number of new cases decreased to below 30 thousand per day.

India also seems to have stabilized, but the pandemic in the country still remains.

Improvement of the situations (around the world) may be seen in August.

With regards to economies, Europe and the US are now practically open. Recovery is actively anticipated, so traders are awaiting important news on the US economy, which will be published on Thursday, June 25.

Exchange Rates 23.06.2020 analysis

S&P 500: According to the data collected on the morning of June 23, signs of a new increase have appeared, but reaching the highs recorded on June 8 is very unlikely.

Sell positions are still the most recommended.

Exchange Rates 23.06.2020 analysis

EUR / USD: The euro is on its way up.

Open buy positions from 1.1255 and stop at 1.1230.

The target may also be 1.1580 or higher.

Jozef Kovach
Analytical expert of InstaForex
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