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12.11.202009:19 Forex Analysis & Reviews: EURUSD Trading plan for November 12, 2020. COVID-19 is at its highs. US news

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 12.11.2020 analysis

COVID-19 is at its highs all over the world. For the second time, + 600K new cases per day are higher globally. In the US, the record is + 142K new cases. In Europe, there is no decline - it has only become better in France, while the group of European countries above + 19K per day, including Russia, is tightly moving.

Exchange Rates 12.11.2020 analysis

US market: the powerful surge following Biden's election has run out of steam - there is no reason for strong growth right now. With the new growth, you can carefully sell.

Exchange Rates 12.11.2020 analysis

EURUSD - important data on US employment will be at 13:30 UTC, and this may swing the market.

We are currently on sale from 1.1775 - but we are ready to turn over to buy from 1.1790.

Jozef Kovach
Analytical expert of InstaForex
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