empty
 
 
07.08.2020 10:28 AM
Trading plan for EUR/USD on August 7, 2020. COVID-19 and Non-Farm Employment Change report.

This image is no longer relevant

India is becoming the new leader of the pandemic, as daily incidence in the country has now risen to 62 thousand.

Meanwhile in the United States and Brazil, the situation is not improving, as new cases are still more than 50 thousand a day. Mortality is also very high, at 1,300 per day.

With regards to the vaccine, its release will commence no earlier than next year.

This image is no longer relevant

EUR/USD: The euro attempted to rise above 1.1900 yesterday but failed.

Keep buying from the level of 1.1810, stop at 1.1765.

In case of a downward reversal, sell from 1.1690.

US Non-farm Employment Change report for July will be published at 13:30. Its results are vital for the next movement of the EUR/USD pair.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback