FX.co ★ Trading plan for EUR/USD on March 12. Europe is threatened with another COVID-19 wave. ECB extends support measures until next year.

Europe is at risk of another pandemic wave. Daily incidents in both France and Italy are huge, and the pace of vaccinations is very slow.

EUR / USD: Euro rose after the ECB confirmed that it intends to extend support measures until April next year. However, even if the euro traded upwards, it is still very weak.

Open long positions from 1.1920 to 1.1865.

Open short positions at 1.1830.