For Traders

Analytical Reviews

Trading plan

13.10.202008:47 Forex Analysis & Reviews: Trading plan for the EUR/USD pair on October 13. Persistent rise of coronavirus in Europe and growth in the US market.

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 noticeable decline can be seen in India's incidence rate, having recorded only 54 thousand new cases of coronavirus for yesterday.

At the same time, the United States can observe an improvement in the situation as well, as it only reported 45 thousand new infections for yesterday.

Europe, meanwhile, continues to record an increasing number of new cases daily, the most notable of which is in the UK, which recorded about 14 thousand. It was followed by Spain and France, which listed around 9 thousand, and the Netherlands, Belgium and Germany, which logged 5-6 thousand.

The announcement of a new US economic stimulus has fanned the rapid growth in the US market.

Start selling when stocks break through the yearly highs.

EUR/USD - The euro keeps on rising as well so now, a new pivot has been found at the level of 1.1830.

Set stop loss at 1.1740.

Open short positions from 1.1720.

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.