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New vaccine

New vaccine | 17 November 2020

17 November 2020, EUR/USD

New vaccine

EURUSD trading plan:

Moderna Inc's experimental vaccine is 94.5% effective in preventing COVID-19 based on interim data from a late-stage trial, the company said. Together with Pfizer Inc's vaccine, which is also more than 90% effective, and pending more safety data and regulatory review, the United States could have two vaccines authorized for emergency use in December with as many as 60 million doses of vaccine available this year. Unlike Pfizer's vaccine, Moderna's shot can be stored at normal fridge temperatures, which should make it easier to distribute, a critical factor as COVID-19 cases are soaring, hitting new records. This is a positive signal for the Euro!

Trading recommendation: Buy 1.1840 and take profit 1.1887

David Johnson
Analyst of «FreshForex» company
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