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21.08.202008:55 Forex Analysis & Reviews: Trading plan for EUR/USD on August 21

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A slight decrease in coronavirus incidence has been observed in the United States and Brazil, with both countries having recorded new cases no higher than 50 thousand in the latest data.

Meanwhile, India continuously observes acceleration in infection, listing 68 thousand new cases, almost 70% of the overall statistics.

Severe situation is also seen in Latin America, particularly in Peru, Mexico and Colombia. In total, the three states have about 25 thousand new cases a day.

EUR/USD: Strong data on US employment halted the bullish move of the euro. However, further direction remains uncertain.

Buy positions from the level of 1.1870, and stop at a price level of 1.1825.

In case of a downward turn, sell positions from the level of 1.1800, and stop at 1.1845. The target profit is the price level of 1.1500.

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