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11.08.2020 09:49 AM
Trading plan for EUR/USD on August 11, 2020. COVID-19: recession in US, Brazil and India.

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A slowdown in new infections has been observed once again in the United States, Brazil and India. The drop in Brazil is especially gratifying, as the number of new cases a day in the country has now fallen to about 22 thousand.

Meanwhile, India is still at the center of the pandemic, and as the picture shows, the pandemic is raging in Latin America. Nonetheless, mortality has dropped significantly, which is a good thing.

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EUR/USD:

Sell positions from the level of 1.1754, stop at 1.1799.

Buy positions from the level of 1.1805, stop at 1.1760.

Good luck!

Jozef Kovach,
Analytical expert of InstaForex
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