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03.07.202011:57 Prehľad analýz forexového trhu: Trading plan for EUR/USD on July 3, 2020. COVID-19: infection rate continues to grow, but the number of deaths has decreased significantly.

Exchange Rates 03.07.2020 analysis

The latest data indicates that there is a new peak in coronavirus incidence today - more than 200 thousand new cases. Meanwhile, the number of deaths has decreased significantly, which suggests that the virus may not be as lethal as before.

Exchange Rates 03.07.2020 analysis

In the US, the number of new infections has jumped to more than 57 thousand per day, but the number of deaths is less than 700 per day.

Brazil and India see the same, with 48 thousand and 22 thousand new cases respectively.

Mexico also records an acceleration, listing about 6 thousand new cases in the country.

Exchange Rates 03.07.2020 analysis

S&P 500: The US market records a new leap due to strong US labor market report. According to the latest data, 4.8 million new jobs were listed, and the unemployment rate has fallen to 11%. Industrial orders also increased by 8%, which is a very good news.

Exchange Rates 03.07.2020 analysis

EUR / USD: The euro continues to rally amid strong data on the US economy.

Trade long positions to raise the quotes to the level of 1.1500 and onwards.

Stop buying when the pair reaches 1.1200.

In case of a downward turn, sell positions from 1.1185.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Sam Alan,
Analytical expert
InstaForex Group © 2007-2021
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