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25.11.202010:17 Forex Analysis & Reviews: Trading plan for the EUR/USD pair on November 25. Improvement in the global COVID-19 situation.

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Exchange Rates 25.11.2020 analysis

The global COVID-19 situation has improved. Now, the overall incidence is at 544,000 a day, against a peak of 660,000. The one that ameliorated the most is the United States, which recorded a sharp drop in daily incidence from a peak of 201,000 to 175,000.

As for the deaths related to the virus, the figure remains at very high levels. However, it is just logical that it lags behind the peak of incidence by at least 5-7 days.

Two COVID-19 vaccines are also only waiting for approval before their release. Meanwhile, new questions arose about AstraZeneca's vaccine yesterday.

Exchange Rates 25.11.2020 analysis

EUR/USD - the euro broke through the high of 1.1905.

Open long positions from 1.1906, then stop at 1.1860.

In case of a downward reversal, open short positions from 1.1840.

Jozef Kovach
Analytical expert of InstaForex
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