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12.10.202008:31 Forex Analysis & Reviews: Trading plan for the EUR/USD pair on October 12. Persistent rise of COVID-19 in Europe and growth in the US market.

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Until now, India and the United States remain tense with regards to the coronavirus pandemic, however, the most concerning situation is in Europe, at which cases are rapidly and persistently increasing everyday.

As of the moment, France has already recorded a daily incidence of 16 thousand, United Kingdom at 12 thousand, while Italy, The Netherlands and Ukraine have listed more than 5 thousand.

The US market is growing, even amid the upcoming presidential elections. In that case, sell stocks once the market reaches the same peak.

The upcoming reports on US employment and retail sales could also affect the movement in the stock market.

EUR/USD: The euro is growing as well, so keep buying from the level of 1.1685 and from the level of 1.1785.

In case of a reversal, set stop loss at the level of 1.1720.

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