Para traders

Analytical Reviews

Trading plan

20.10.202009:14 Forex Analysis & Reviews: Trading plan for the EUR/USD pair on October 20. Second pandemic wave in Europe and correction in the US market.

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

Europe went back to being the center of the pandemic again.

Although the US and India still have the highest incidence rates, many European countries are already following this step. One of which is the UK, which already records more than 18 thousand new cases a day. Then, Spain follows with 12 thousand daily incidence, Italy with 9 thousand, and then Switzerland at more than 8 thousand. In France, a curfew has been imposed to control and lessen the spread of the virus.

S&P 500 index, daily chart.

A strong collapse has been observed, which can be accounted to the upcoming US presidential election, where Democrat Joe Biden will most likely win. Because of that, the market is currently facing an unclear prospect with business taxes, to which Trump promised big protests if he loses.

Sell when stocks rebound upwards.

EUR/USD - the euro is currently facing a correction, but it could turn into a new wave of growth towards the level of 1.1860

Keep setting up long positions from the level of 1.1707 and 1.1748, then take profit at the level of 1.1700.

Longs may also be opened from the level of 1.1745

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.