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12.02.202110:03 Forex Analysis & Reviews: Trading plan for EUR/USD on February 12. Euro is trading upwards.

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To date, global incidence continues to decrease, thereby confirming the idea that the COVID-19 pandemic is ending. In fact, the number of new cases in both US and Europe has decreased significantly, dropping to much lower figures than the recorded peaks.

However, vaccination cannot be the reason of the decline. In the most prosperous and large countries, no more than 12% of the population were vaccinated. Obviously, the situation is due to a seasonal decline (in the pandemic), as was the case in the summer of 2020.

EUR / USD: euro is consolidating below the week's highs. An upward breakout is very likely.

Open long positions from 1.2060 to 1.2010

Longs may also be set from the blue average (highlighted in the chart).

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