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The COVID-19 pandemic in Europe

The COVID-19 pandemic in Europe | 15 October 2020

15 October 2020, EUR/USD

The COVID-19 pandemic in Europe

EURUSD trading plan:

Concerns that a resurgence in the Covid-19 pandemic could lead governments throughout Europe to shut down their economies again has hit the confidence of investors. New cases are hitting 100,000 daily in Europe. Nearly 20,000 infections were reported in Britain, while the French government on Wednesday declared a public health state of emergency. Hospital admissions are also now clearly on an upward trend, although the number of deaths is still far below the spring peaks. Germany, France, and others are in the process of instituting measures such as limited lockdowns, bar closures and other systems intended to reduce the spread of infection.

Trading recommendation: range 1.1665 -1.1740.

David Johnson
Analyst of «FreshForex» company
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