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Second wave of COVID-19 in Germany

Second wave of COVID-19 in Germany | 06 November 2020

06 November 2020, EUR/USD

Second wave of COVID-19 in Germany

EURUSD trading plan:

German industrial output increased by 1.6% on the month, figures released by the Federal Statistics Office showed. The economy grew by a record 8.2% in the third quarter on higher consumer spending and exports, but an aggressive second wave of infections and a new partial lockdown are now clouding the outlook for the fourth quarter and beyond. Germany closed bars, restaurants, gyms, cinemas, theatres and domestic tourism on Monday for a month to combat the spread of the COVID-19.

Trading recommendation: range 1.1800 -1.1875.

David Johnson
Analyst of «FreshForex» company
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