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21.10.202008:34 Forex Analysis & Reviews: Trading plan for the EUR/USD pair on October 21. Continued rise of COVID-19 cases in Europe and growth of the European currency.

Exchange Rates 21.10.2020 analysis

Europe continues to observe record high incidence rates of coronavirus. The most notable of which are the statistics in Britain and France, which are above 20 thousand a day.

Exchange Rates 21.10.2020 analysis

The US market is currently preparing for the win of Democrat candidate, Joe Biden, which would result in a change in economic course.

Sell when stocks move up again.

Exchange Rates 21.10.2020 analysis

EUR/USD - the euro is moving upwards in the market.

Keep opening long positions from 1.1710 and 1.1750

You may also buy after a strong pullback, from the level of 1.1790.

News from the Fed, which will come out late at night, may influence market demand.

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Jozef Kovach,
Especialista em análise
do Grupo InstaForex © 2007-2021
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