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A fresh outbreak of COVID-19 in Europe

A fresh outbreak of COVID-19 in Europe | 22 September 2020

22 September 2020, EUR/USD

A fresh outbreak of COVID-19 in Europe

EURUSD trading plan:

A fresh outbreak of COVID-19 in Europe, with the looming spectre of fresh lockdowns, and jitters over the continuing impasse in the U.S. Congress over the latest stimulus measures as the U.S. presidential election draws nearer, saw traders turning to the greenback. With infections rising and winter just around the corner, some public health advocates are sounding the alarm that the intense focus on testing is taking attention away from the other measures that are also necessary to fight the pandemic. U.S. President Donald Trump said during a political rally on Monday that his questions about adjusting the dollar’s exchange rate to counter what he referred to as Chinese currency manipulation were rebuffed.

Trading recommendation: Sell 1.1758 and take profit 1.1725.

David Johnson
Analyst of «FreshForex» company
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