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22.09.2020 10:08 AM
Trading plan for the EUR/USD pair on September 21. The euro is trying to move down in the market.

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A clear decrease in coronavirus incidence is seen in the United States and Brazil, having recorded daily cases only at 37 thousand and 15 thousand respectively.

Unfortunately, the same can not be said in India, which recorded cases at a huge amount of 75 thousand a day.

In Europe, a strong second wave is also happening in France and Britain, listing about 4-5 thousand cases per day.

The whole world is waiting for a vaccine, but it will probably not be ready until November.

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A new low is seen in the US market, but a further fall is not expected.

Meanwhile, large investors are awaiting the November presidential election. If Biden wins the race, taxes will increase on big businesses, which will negatively affect the stock market.

Sell after a rebound, and buy only after a breakout from the daily fractals.

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EUR/USD: The euro is attempting another fall.

Set short positions from 1.1735, and take profit around the level of 1.1780.

The target price level is 1.1450.

In case of an upward reversal, buy from the level of 1.1875.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2024
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