For Traders

Analytical Reviews

Trading plan

20.08.202010:53 Forex Analysis & Reviews: Trading plan for EUR/USD on August 20, 2020. Strong correction on the euro.

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.

There is a clear slowdown in the rate of infection in the United States and Brazil, but the incidence still remains above 40 thousand a day.

In India, new cases have accelerated to about 70 thousand a day.

EUR/USD: The euro underwent a strong correction, which suggests that the current trend may have ended. However, it is not clear yet whether this is true.

Nonetheless, keep buying positions from the level of 1.1810, or from the level of 1.1840.

Sell positions from the level of 1.1825.

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.