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24.03.202110:02 Forex Analysis & Reviews: Trading plan for EUR/USD on March 24. Third COVID-19 wave in Europe. Important data from the United States.

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Exchange Rates 24.03.2021 analysis

The European Commission announced that another pandemic wave is starting in Europe. This is appalling because currently, the bloc already has a vaccine in their hands, but incidents continue to escalate every day.

Exchange Rates 24.03.2021 analysis

EUR/USD: Euro is giving out a bearish signal. In fact, a break below 1.1870 will certainly set off a further drop towards 1.1500 or lower.

That being said, it would be best to enter short positions in the market, but stop when the price reverses around 1.1950.

The US will release important statistics today, at 12:30 GMT.

Jozef Kovach
Analytical expert of InstaForex
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