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FX.co ★ Trading plan for EUR/USD on September 21. Another surge in COVID-19 infections

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Forex Analysis:::2020-09-21T07:44:04

Trading plan for EUR/USD on September 21. Another surge in COVID-19 infections

Trading plan for EUR/USD on September 21. Another surge in COVID-19 infections

A clear decline in incidence can be observed in the United States and Brazil, as cases in the two countries have dwindled down to 33 thousand and 16 thousand respectively. However, a surge has emerged in other countries, particularly in India, which recorded more than 85 thousand new infections a day. France also listed more than 10 thousand cases a day, while Israel has reported more than 4 thousand new cases a day.

Nonetheless, this new wave would be easier than the first, since everything about the virus is already known (ie how to prevent it and how to treat it)

Trading plan for EUR/USD on September 21. Another surge in COVID-19 infections

EUR/USD: An attempt to breakout may be observed in the euro.

Buy positions from 1.1885, from 1.1900, or from 1.1920.

Sell positions from 1.1735.

Analyst InstaForex
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