The latest data indicated that global COVID-19 incidence has decreased to 543,000, which is almost 200,000 below the record peak. This seems to be great news, however, in the UK, a new strain of coronavirus was discovered, and according to initial studies, it is much more contagious than the current COVID-19. Authorities have canceled flights because of this, and the EU will hold an urgent meeting today to discuss actions for this new virus.
The news also led to the sharp plunge of the euro and the pound this morning, but now the market is calming down.
EUR / USD: the euro collapsed this morning, but the bullish trend has not changed yet.
Open long positions from 1.2275.
Open short positions from 1.2058.
