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

06 نوفمبر 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.


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
David Johnson
Analyst of «FreshForex» company
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