Trading plan for the EUR/USD pair on November 25. Improvement in the global COVID-19 situation.

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Trading plan for the EUR/USD pair on November 25. Improvement in the global COVID-19 situation.

Trading plan for the EUR/USD pair on November 25. Improvement in the global COVID-19 situation.

Trading plan for the EUR/USD pair on November 25. Improvement in the global COVID-19 situation.

The global COVID-19 situation has improved. Now, the overall incidence is at 544,000 a day, against a peak of 660,000. The one that ameliorated the most is the United States, which recorded a sharp drop in daily incidence from a peak of 201,000 to 175,000.

As for the deaths related to the virus, the figure remains at very high levels. However, it is just logical that it lags behind the peak of incidence by at least 5-7 days.

Two COVID-19 vaccines are also only waiting for approval before their release. Meanwhile, new questions arose about AstraZeneca’s vaccine yesterday.

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EUR/USD – the euro broke through the high of 1.1905.

Open long positions from 1.1906, then stop at 1.1860.

In case of a downward reversal, open short positions from 1.1840.

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

Source : https://www.fx.co/forex_analysis/quickview/264738/