Trading plan for EUR/USD on August 20, 2020. Strong correction on the euro.

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Trading plan for EUR/USD on August 20, 2020. Strong correction on the euro.

Trading plan for EUR/USD on August 20, 2020. Strong correction on the euro.

Trading plan for EUR/USD on August 20, 2020. Strong correction on the euro.

There is a clear slowdown in the rate of infection in the United States and Brazil, but the incidence still remains above 40 thousand a day.

In India, new cases have accelerated to about 70 thousand a day.

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EUR/USD: The euro underwent a strong correction, which suggests that the current trend may have ended. However, it is not clear yet whether this is true.

Nonetheless, keep buying positions from the level of 1.1810, or from the level of 1.1840.

Sell positions from the level of 1.1825.

The material has been provided by InstaForex Company – www.instaforex.com

Source : https://www.mt5.com/forex_analysis/quickview/257502/