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23.07.2020 10:51 AM
Trading plan for EUR/USD on July 23, 2020. The second wave of the coronavirus is at its peak.

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The pandemic is again on the rise. Latest data reveals that the United States has once again recorded daily incidences above 70 thousand, and the other leading countries, Brazil and India, has also recorded increases in the number of new infections. All in all, the total cases in these three countries account for more than half of the world's overall figure.

As for fatality, deaths in the three countries count more than 1,000 everyday.

Fortunately, the world is consistently working for a vaccine. The US orders 100 Million doses from Pfizer, China promotes its vaccine to Latin America, and in Russia, the first vaccine will be ready by September.

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EUR/USD: An upward trend persists in the euro.

Keep buying positions from the level of 1.1340, and stop at the value 1.1370.

The next target is the level of 1.1680, after which take profit, before buying again from a puback.

News: Today, at 13:30 (UTC+1), a very important report on US employment will be published, which could affect the rate of the EUR/USD pair.

Jozef Kovach,
Analytical expert of InstaForex
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