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FX.co ★ Trading plan for EUR/USD on June 25, 2020. A second wave of the coronavirus. Latest news on the US market.

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Forex Analysis:::2020-06-26T06:37:24

Trading plan for EUR/USD on June 25, 2020. A second wave of the coronavirus. Latest news on the US market.

Trading plan for EUR/USD on June 25, 2020. A second wave of the coronavirus. Latest news on the US market.

The table above shows the latest coronavirus statistics from around the world.

According to the data, a sharp increase in the pandemic was observed. This suggests that a second wave may have started (the third if we count the first wave in China in January-February).

As we can see, both the US and Brazil saw a huge jump in new infections at +40 thousand per day. India, meanwhile, rose to almost +20 thousand. Such are gigantic figures, totaling to almost 100 thousand in just three countries. The United States and Trump are now facing big problems.

Europe is also troubled with the pandemic. 30 countries in the EU have recorded huge increases in new cases, and hard quarantine has been re-introduced in some areas of Germany. Ukraine and Israel also saw huge increases in daily incidents.

The reason for this is very obvious. The early opening of economies, as well as sharp weakening of quarantine quarantine restrictions amid a situation of lack of immunity and vaccines have caused the growth of the disease.

Trading plan for EUR/USD on June 25, 2020. A second wave of the coronavirus. Latest news on the US market.

S&P 500 - an increase in the market was observed once again.

Place sell orders with stops above recent highs.

Trading plan for EUR/USD on June 25, 2020. A second wave of the coronavirus. Latest news on the US market.

EUR/USD: The euro is currently consolidating within the range.

Open buy positions from 1.1350.

Open sell positions from 1.1165.

If the quotes reach 1.1260 or above, sell positions at 1.1190.

Analyst InstaForex
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