For Traders

Analytical Reviews

Trading plan

16.09.202007:56 Forex Analysis & Reviews: Trading plan for EUR/USD on September 16

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.

COVID-19 update: It seems that the pandemic has now receded in United States and Brazil, having recorded an infection rate below 40 thousand a day.

Unfortunately, the same can not be said in India, as its situation regarding the virus remains grave, reporting an incidence rate at a peak of more than 90 thousand new cases a day. As soon as it declines though, the overall (global) statistics will decrease as well.

Meanwhile, in the West and Southern Europe, another surge has risen, so Israel has resorted to introducing another quarantine for about two weeks. Will this cause another negative effect on the EU economy? Perhaps not, as long as there is no complete closure in the economy, and the governments implement strict mask regime and social distancing measures.

EUR / USD - price consolidated ahead of the important Fed meeting.

Today, the Federal Reserve will announce its decision regarding interest rates, as well as report latest forecasts for the US economy.

Open long positions from 1.1920; or

Open short positions from 1.1750.

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.