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23.06.2020 11:36 AM
Trading plan for EUR/USD on June 23, 2020. The euro is on its way up. Coronavirus updates from around the world. News on the US market.

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The table above contains coronavirus statistics as of the morning of June 23:

According to the data, the pandemic wave in the US continues. The daily increase is still above 30 thousand, but mortality has decreased to less than 400. This suggests that the treatment methods may have worked.

In Brazil, some stabilization has been observed, as the number of new cases decreased to below 30 thousand per day.

India also seems to have stabilized, but the pandemic in the country still remains.

Improvement of the situations (around the world) may be seen in August.

With regards to economies, Europe and the US are now practically open. Recovery is actively anticipated, so traders are awaiting important news on the US economy, which will be published on Thursday, June 25.

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S&P 500: According to the data collected on the morning of June 23, signs of a new increase have appeared, but reaching the highs recorded on June 8 is very unlikely.

Sell positions are still the most recommended.

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EUR / USD: The euro is on its way up.

Open buy positions from 1.1255 and stop at 1.1230.

The target may also be 1.1580 or higher.

Jozef Kovach,
Analytical expert of InstaForex
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