The COVID-19 pandemic | 19 اكتوبر 2020

EURUSD trading plan:

Chancellor Angela Merkel urged Germans to curb social contacts and keep travel to a minimum, making a personal appeal after the federal and state governments struggled to agree on ways to contain a second wave of COVID-19 infection. German leaders were unable this week to reach a consensus on strong new measures to contain the second COVID-19 wave. Courts in several regions have, meanwhile, overturned bans on hotel stays for visitors from infection hotspots. Politicians and health experts have appealed to the population to take voluntary measures over and above those already prescribed - including wearing masks, avoiding close contact with others and hand washing. The COVID-19 pandemic has a negative impact on the value of the Euro.

Trading recommendation: range 1.1685 -1.1755.