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FX.co ★ Trader's diary on June 17, 2020. Outlook for EUR/USD. Ruble and COVID-19 in Russia.

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Forex Analysis:::2020-06-17T14:45:49

Trader's diary on June 17, 2020. Outlook for EUR/USD. Ruble and COVID-19 in Russia.

Trader's diary on June 17, 2020. Outlook for EUR/USD. Ruble and COVID-19 in Russia.

Let's take a look at the number of active virus cases in Russia on June 17. The chart reflects the number of people under treatment. Today, there are 244 thousand.

There is no decline. However, we can see consolidation on the levels close to the highs.

In Moscow, the number of confirmed virus cases dropped below 1,500 (yesterday, 1,065 people were tested positively) from 6 thousand in the middle of May. At the same time, the number of people under treatment declined to 80 thousand from 116 thousand.

However, in other regions, the number of new cases is rising.

Saint Petersburg is also leaving the pandemic. The number of new cases is below 250 a day. It is smaller than in Nizhny Novgorod region and Khanty-Mansyisk.

The situation in most regions is alarming. It is very dangerous to organize mass voting.

Trader's diary on June 17, 2020. Outlook for EUR/USD. Ruble and COVID-19 in Russia.

At the same time, the Russian ruble is gaining round amid higher oil prices.

I suppose that the ruble has already hit its highest level. You can see on the chart.

It is possible to buy the US dollar and the euro at the current prices.

Trader's diary on June 17, 2020. Outlook for EUR/USD. Ruble and COVID-19 in Russia.

EUR/USD:

Buy deals could be opened from the 1.1355 level.

Sell positions could be initiated from the 1.1210 level.

Analyst InstaForex
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