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13.11.202009:31 Forex Analysis & Reviews: Trading plan for the EUR/USD pair on November 13. Possible growth in the euro.

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 13.11.2020 analysis

COVID-19: Once again, cases have risen all over the world, for example, the United States was back to recording huge 161 thousand new infections a day. In total, the world has 643 thousand new COVID-19 cases.

Europe is also very much affected by the pandemic, as most European countries have high incidence rates. Italy, for instance, noted 38 thousand new coronavirus cases.

Still, a significant decrease in mortality is evident compared to earlier months. Death rate has fallen to about 1%, from 4-6% last spring.

Exchange Rates 13.11.2020 analysis

EUR/USD: Although there was a strong report on US employment yesterday, the euro did not drop in price. It seems that the currency is anticipating another growth in the market.

Open long positions at 1.1835.

Open short positions at 1.1745.

Jozef Kovach
Analytical expert of InstaForex
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