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21.09.2020 09:44 AM
Trading plan for EUR/USD on September 21. Another surge in COVID-19 infections

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A clear decline in incidence can be observed in the United States and Brazil, as cases in the two countries have dwindled down to 33 thousand and 16 thousand respectively. However, a surge has emerged in other countries, particularly in India, which recorded more than 85 thousand new infections a day. France also listed more than 10 thousand cases a day, while Israel has reported more than 4 thousand new cases a day.

Nonetheless, this new wave would be easier than the first, since everything about the virus is already known (ie how to prevent it and how to treat it)

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EUR/USD: An attempt to breakout may be observed in the euro.

Buy positions from 1.1885, from 1.1900, or from 1.1920.

Sell positions from 1.1735.

Jozef Kovach,
Analytical expert of InstaForex
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