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FX.co ★ Trader's diary from May 13, 2020. Coronavirus in Russia - update. Perspectives. EURUSD

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Forex Analysis:::2020-05-13T10:24:19

Trader's diary from May 13, 2020. Coronavirus in Russia - update. Perspectives. EURUSD

 Trader's diary from May 13, 2020. Coronavirus in Russia - update. Perspectives. EURUSD

The chart of the daily growth rate of the infection cases in Moscow is presented above. The number of new cases as for May 13 is 4703.

It is possible to estimate the peak of the epidemic on the basis of this chart, as long as the number of new infection cases will not skyrocket as a result of the opening of companies and construction sites on May 12.

Currently, approximately 1,800 people recover from the coronavirus infection per day. This corresponds to an increase in the number of new cases by 2,000 as of April 18. As a result, it takes around 24 days from infection to recovery. Accordingly, if growth per day is no higher than 6,000 cases and the recovery process takes around 24 days, we can expect the situation to stabilize on May 27.

General world situation:

 Trader's diary from May 13, 2020. Coronavirus in Russia - update. Perspectives. EURUSD

Daily increase in new COVID-19 cases in main Russian regions:

Moscow - 4,703

Moscow region - 962

St. Petersburg - 435

Nizhny Novgorod - 271

Sverdlovsk - 135

Volgograd - 124

Republic of Dagestan - 109

 Trader's diary from May 13, 2020. Coronavirus in Russia - update. Perspectives. EURUSD

EUR/USD:

It is preferable to buy the EUR/USD pair from 1.0890 and sell from 1.0780.

Analyst InstaForex
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