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11.09.202010:28 Forex Analysis & Reviews: Trading plan for EUR/USD on September 11

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 11.09.2020 analysis

Infection rate in United States and Brazil have dropped 1.5 to 2 times lower than peak values, while in India, the pandemic remains strong, infecting more than 95 thousand thousand. Lethality has also gone up, counting more than 1,000 deaths a day.

A difficult situation is also observed in Latin America - Peru, Colombia and Argentina in particular, the same with Spain and France, which have recorded another surge to 8-10 thousand new cases.

Exchange Rates 11.09.2020 analysis

As expected, the US market is on another decline, the cause of which is the approaching US presidential elections. If Trump fails to win the race, big tax breaks could be cut or removed.

Sell in the market after a rebound upwards.

Exchange Rates 11.09.2020 analysis

Euro rallied amid unchanged ECB policy, but failed to stay above 1.1900 and showed a strong fall downwards.

Open long positions from 1.1920.

Open short positions from 1.1750.

Jozef Kovach
Analytical expert of InstaForex
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