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21.10.202008:34 Forex Analysis & Reviews: Trading plan for the EUR/USD pair on October 21. Continued rise of COVID-19 cases in Europe and growth of the European currency.

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.

Exchange Rates 21.10.2020 analysis

Europe continues to observe record high incidence rates of coronavirus. The most notable of which are the statistics in Britain and France, which are above 20 thousand a day.

Exchange Rates 21.10.2020 analysis

The US market is currently preparing for the win of Democrat candidate, Joe Biden, which would result in a change in economic course.

Sell when stocks move up again.

Exchange Rates 21.10.2020 analysis

EUR/USD - the euro is moving upwards in the market.

Keep opening long positions from 1.1710 and 1.1750

You may also buy after a strong pullback, from the level of 1.1790.

News from the Fed, which will come out late at night, may influence market demand.

Jozef Kovach
Analytical expert of InstaForex
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