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04.06.202011:02 Forex Analysis & Reviews: Trading plan for EUR/USD on June 4, 2020. Terrible situation in Brazil, and a possible third wave of the coronavirus pandemic in India. The ECB decision will determine the growth of the euro.

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Coronavirus updates from around the world.

As before, new cases in the US increase by about 20 thousand per day, and deaths by about 1,000 per day. Cities are to be blamed, as quarantine measures work very poorly, especially during riots and mass protests. Nevertheless, the US economy has come back to life, and the situation in New York is starting to become better.

In Europe, economies are actively opening up, but the situation in Brazil is still bad. New cases still jump by about 27 thousand per day, and it seems that quarantine does not work in the country.

A third wave may also be declared in India, as coronavirus cases in the country continue to accelerate, rising now by about 9,000 new infections per day.

EUR / USD: The ECB decision and weekly employment report will determine the growth of the euro.

Yesterday, ADP released its report on employment in the US in May, which revealed a sharp slowdown in unemployment, showing just 2.8 million unemployed, much lower than the forecasted 9-11 million.

Wait for a strong pullback before opening buy positions from 1.1090.

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