15.07.202010:49 Forex Analysis & Reviews: Trading plan for EUR/USD on July 15, 2020. Update on the coronavirus and news on the US market.

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The latest data on the coronavirus indicates that the United States has a constant daily incidence of 65 thousand, while Brazil and India has 23 thousand and 30 thousand daily new cases, respectively. This suggests that no decline or recession has been observed, but the number of deaths or mortality has fallen markedly, which is good.

Another good news is that Russia announced that it would test its vaccine for the first time in mid-August, giving hopes that by fall, the world may be able to finally eradicate the coronavirus.

The S&P 500 has noted a new wave of growth in the market. This is because the Fed and the US government continue to pump the economy with money at a fast pace.

In addition, the Fed will publish its Beige Book today, so a further increase in the market is expected.

EUR/USD: the euro is on the rise, after breaking out of the resistance level of 1.1370.

It's first target is the level of 1.1500, but the movement may develop to the level of 1.1700-1.1800.

Nevertheless, keep buying positions from the level of 1.1345, and stop at 1.1295.

Also buy from the level of 1.1380.

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