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30.09.202010:56 Forex Analysis & Reviews: Trading plan for the EUR/USD pair on September 30. Growth in coronavirus and Trump-Biden first debate.

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Exchange Rates 30.09.2020 analysis

Cases have jumped again in the United States, as well as Brazil, recording an increase of up to 44 thousand and 32 thousand respectively.

In India, incidents have also climbed to 80 thousand a day.

With regards to Europe, France and Spain continuously observe a rise in infections, about 8 thousand and 10 thousand a day. As a result, a number of parties in Spain are demanding the government to be dismissed due to its failure to fight the coronavirus pandemic.

Meanwhile, the first round of debate between Donald Trump and Joe Biden has passed, during which Trump lost by a huge gap. The issue with the coronavirus was Trump's downfall in the discussions.

Exchange Rates 30.09.2020 analysis

EUR/USD - The bulls are trying to raise the rate of the euro, but there is strong resistance ahead.

Keep buying positions from the level of 1.1685, and stop at the level of 1.1640.

If a strong pullback occurs, buy from the level of 1.1685, and then take profit at the level of 1.1765, or at the level of 1.1875.

Jozef Kovach
Analytical expert of InstaForex
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