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07.10.202010:59 Forex Analysis & Reviews: Trading plan for the EUR/USD pair on October 7. Trump ends discussion on coronavirus relief bill.

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The rate of infection has risen in India once again, having recorded 72 thousand new coronavirus cases yesterday.

Meanwhile, US and Brazil remained observing a stable daily incidence at 30-40 thousand cases.

In Europe, another pandemic wave seems to have emerged, as hinted by the surge of patients in the UK, Spain and France. The three countries have listed around 10-14 thousand new coronavirus cases a day.

With regards to the US stock market, a noticeable collapse was seen after US President Donald Trump announced that he is ending talks on the long-disputed coronavirus relief bill. It came right after Fed Chairman Jerome Powell called for help in stimulating the US economy.

Trump's statement also dragged the euro down in the markets, but thankfully, it is now recovering very well.

EUR/USD: Keep buying from the level of 1.1685.

Turn the position down if the euro reaches a quote of 1.1680.

Long positions may also be set up from 1.1810, and short positions from 1.1610.

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