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24.12.202011:59 Forex Analysis & Reviews: Trading plan for the EUR/USD pair on December 24. Markets are closing tomorrow.

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 24.12.2020 analysis

Once again, global COVID-19 incidence increased, reaching 683,000 yesterday, but is below the recorded peak, which is somehow a good sign.

In the United States, new cases to 232,000, while deaths hit 3.4 thousand.

Growth was observed in Europe as well, with the UK listing 39,000 new cases, followed by Germany who recorded 31,000 new infections. Sadly, an increase occurred even amid tougher quarantine measures.

Nonetheless, vaccinations are active both in the US and the UK, and Europe will soon begin mass vaccinations (on December 27).

Exchange Rates 24.12.2020 analysis

EUR/USD - markets are closed on December 25 (Christmas Day).

Yesterday, economic reports from the US came out weak: employment slowed to 200,000, while revenues dropped by 1.1%. Inflation, meanwhile, came out at 0%.

Open long positions from 1.2190.

Open short positions from 1.2130.

Jozef Kovach
Analytical expert of InstaForex
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