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09.10.202010:51 Forex Analysis & Reviews: Trading plan for the EUR/USD pair on October 9. Persistent rise of COVID-19 in Europe and growth in the US market.

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Fear continues to emerge in Europe, as many states relentlessly record a high number of coronavirus incidence rate. Both France and the UK listed 18 thousand new infections per day, while Netherlands, Spain, Ukraine and Czech Republic logged above 5 thousand.

Regardless, all economies remain open, and this is because everyone understands that a second full lockdown could not be tolerated again. The consequences of this decision will be seen later on.

The US market rose again yesterday amid strong data in the United States. However, since the upcoming presidential election will certainly influence its movement, it is just right to sell stocks around the previous yearly high to avoid any losses.

EUR/USD - the euro may start climbing up any minute.

Be ready to buy from the level of 1.1785.

Retain your long positions at 1.1685.

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