Main Quotes Calendar Forum
flag

FX.co ★ Trading plan for EUR/USD on February 17. COVID-19 is retreating. Euro may change direction soon.

parent
Forex Analysis:::2021-02-17T06:58:01

Trading plan for EUR/USD on February 17. COVID-19 is retreating. Euro may change direction soon.

Trading plan for EUR/USD on February 17. COVID-19 is retreating. Euro may change direction soon.

An obvious decline in COVID-19 incidence has been observed, primarily in the United States and Britain.

In the US, the figure was only 63,000, which is 5 times lower than the peak recorded earlier. UK, meanwhile, listed around 10,000.

With regards to vaccination, it is still proceeding extremely slowly.

Trading plan for EUR/USD on February 17. COVID-19 is retreating. Euro may change direction soon.

EUR/USD - a downward reversal may occur soon.

Yesterday, the euro sold very strongly from the weekly high, after the US published very strong data on business activity. Clearly, the US economy is recovering, which is a huge contrast to the EU who is still experiencing a downturn.

Open long positions from 1.2060.

Open short positions from 1.2080.

The market is also waiting for upcoming data on US retail sales.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...