22.07.202010:47 Forex Analysis & Reviews: Trading plan for EUR/USD on July 22, 2022

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The second wave of the pandemic continues. Now, a strong increase in coronavirus infections have been observed in Mexico, Peru, Iran, Saudi Arabia and Israel, which is very concerning.

Fortunately, the daily incidences in the three leading countries, the United States, Brazil and India have decreased for the third day, which brings hope for everyone.

In addition, Russia, England and Europe have announced a successful second stage of vaccine tests to humans, promising that mass vaccination may start by the end of 2020.

EUR/USD: The quote managed to reach above 1.1500 yesterday, and consolidated even higher in the trading chart. Now, there is a slight pullback, but the way up is still open, in which the first target is the level of 1.1580.

Keep buying positions from the level of 1.1345 or from the level of 1.1480. This is because there are no good selling positions yet in the trading chart.

However, if the quote rises rapidly to a value of 1.1580, take profit and then buy positions from a good rollback.

News: Today at 13:30 [UTC+1], the weekly report on US employment will be published, which will reveal if there is a clear slowdown in the labor market.

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