For Traders

Analytical Reviews

Trading plan

15.02.202108:58 Forex Analysis & Reviews: Trading plan for EUR/USD on February 15. COVID-19 pandemic is ending.

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.

The COVID-19 pandemic is clearly ending. In fact, incidence rate in the US has decreased very significantly, almost 5 times below the recorded peak (it is now at 64,000 per day). As for global incidence, it dropped to below 300,000, from 830,000 before.

With regards to vaccination, all is going well in the United States. Approximately 15% of its population has been vaccinated. Meanwhile, in the UK, only around 10% has been vaccinated, while in other large countries, it is below 5%. All in all, only 2.3% of the world's population has been vaccinated.

EUR/USD - euro continues to trade upwards.

Open long positions from 1.2060.

Open short positions from 1.1950, or from 1.2080.

No significant news is expected this week, except for the US retail sales report on Wednesday, February 17.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.