For Traders

Analytical Reviews

Trading plan

14.08.202011:40 Forex Analysis & Reviews: Trading plan for EUR/USD on August 14, 2020. COVID-19: another rise in daily incidence

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.

The second wave of the pandemic is still on the rise, with which daily incidence in the three leading countries amounts to more than 55 thousand cases a day. Mortality is also rather high at 1,000 a day, which is not good as well.

Meanwhile, the euro is under strong pressure from the bears, but the quote nonetheless is holding on the current prices.

Thus, keep buying from the level of 1.1810.

In case of a reversal, sell from the level of 1.1710.

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.