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Trading plan for EUR/USD on August 6, 2020. Euro halts at a price level of 1.1900.

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The three leading countries, United States, Brazil and India, now record 55 thousand new cases a day, and deaths of about 1,300 a day. If we total all their cases together, it will add up to 50% of all cases in the world.

Meanwhile in Europe, a surge in infections is observed in some countries, but tough sanitary measures will probably avoid the horrors of the first wave in Spain and Italy.

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S&P 500 daily chart: Despite a very weak employment report for July, the US market is trying to reach pre-crisis highs, and it will probably reach that level in the future.

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EUR / USD: Euro halts at a price level of 1.1900 due to strong activity of bears in the market.

Keep buying from the level of 1.1810, and stop at 1.1765.

If the stop is removed, the quote may reach a price level of 1.1915.

Sell positions from the level of 1.1690.

The material has been provided by InstaForex Company - www.instaforex.com

Προτεινόμενοι Forex brokers

Markets.com

Markets.com

  • Ελάχιστη κατάθεση: $100
  • Μέγιστη μόχλευση: 50:1
  • EUR/USD spread: $3 pips

IronFX

IronFX

  • Ελάχιστη κατάθεση: $100$
  • Μέγιστη μόχλευση: 500:1:1
  • EUR/USD spread: $1.1 pips

Plus500

Plus500

  • Ελάχιστη κατάθεση: $100
  • Μέγιστη μόχλευση: 30:1
  • EUR/USD spread: $ pips