Main Quotes Calendar Forum
flag

FX.co ★ Coronavirus retreats. Optimism concerning euro rises. Outlook for EUR/USD on February 20, 2021

parent
Forex Analysis:::2021-02-20T08:36:26

Coronavirus retreats. Optimism concerning euro rises. Outlook for EUR/USD on February 20, 2021

Coronavirus retreats. Optimism concerning euro rises. Outlook for EUR/USD on February 20, 2021

The coronavirus statistical data is fixed at the levels that are two times below the record highs.

Thus, the global number of confirmed virus cases is 400 thousand a day. In particular, in the US the daily rise totals 80 thousand.

Death toll is approximately 2% from the number of infected people.

Importantly, a lower number of new cases leads to higher quality of patient care and treatment.

Vaccination programs: COVID-19 vaccine rollout is rather slow. The situation is a bit better in the US. About 14% of citizens are already vaccinated.

In Russia, the vaccine rollout is very slow. Even in Moscow, where the local authorities are actively stimulating the vaccination program, only 10% have received their doses. In general, in Russia, only 3% of people are vaccinated.

Coronavirus retreats. Optimism concerning euro rises. Outlook for EUR/USD on February 20, 2021

EUR/USD chart at the end of the trading week

The euro is likely to go on gaining in value. There is a new level to open buy positions.

Buy positions could be opened from 1.2170 with Stop Loss – at 1.2080.

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...