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FX.co ★ Trading plan for the EUR/USD pair on November 17. New COVID-19 vaccine; unclear direction of the European currency.

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Forex Analysis:::2020-11-17T08:50:06

Trading plan for the EUR/USD pair on November 17. New COVID-19 vaccine; unclear direction of the European currency.

Trading plan for the EUR/USD pair on November 17. New COVID-19 vaccine; unclear direction of the European currency.

COVID-19 incidence around the world is again high - at 504 thousand - but noticeably below the peak, which is 660 thousand. About 162 thousand were from the United States, while 10 thousand were from France.

Good news is that although most of Europe records a high number of coronavirus infections, there is no significant increase in new cases.

To add to that, another vaccine came out, in which American biotechnology company, Moderna, announced the successful trial and high efficacy of its vaccine. Such pushed the US market to record highs.

Trading plan for the EUR/USD pair on November 17. New COVID-19 vaccine; unclear direction of the European currency.

S&P 500, US market.

Trading plan for the EUR/USD pair on November 17. New COVID-19 vaccine; unclear direction of the European currency.

EUR/USD - the situation is extremely unclear.

Open long positions at 1.1825 or 1.1790, but be ready for a stop and a downward reversal from 1.1810.

Analyst InstaForex
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