For Traders

Analytical Reviews

Trading plan

21.09.202009:44 Forex Analysis & Reviews: Trading plan for EUR/USD on September 21. Another surge in COVID-19 infections

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.

A clear decline in incidence can be observed in the United States and Brazil, as cases in the two countries have dwindled down to 33 thousand and 16 thousand respectively. However, a surge has emerged in other countries, particularly in India, which recorded more than 85 thousand new infections a day. France also listed more than 10 thousand cases a day, while Israel has reported more than 4 thousand new cases a day.

Nonetheless, this new wave would be easier than the first, since everything about the virus is already known (ie how to prevent it and how to treat it)

EUR/USD: An attempt to breakout may be observed in the euro.

Buy positions from 1.1885, from 1.1900, or from 1.1920.

Sell positions from 1.1735.

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.