Trading plan for the EUR/USD pair on November 27. Growth in COVID-19 incidence has stalled. The euro may continue climbing
It seems that the situation with the coronavirus has finally stabilized, since global COVID-19 incidence has again decreased significantly. The day before, the overall number of new cases was 610,000, while yesterday it was 541,000 (lower by 10%).
In the US, daily incidence was 180,000 two days ago, while yesterday it was 108,000.
The situation in Europe has also stabilized.
With regards to the vaccine, Pfizer’s drug may receive approval by December 10. Moderna’s, meanwhile, may come at a later date. In any case, mass vaccinations are expected to begin on December 11.
As for AstraZeneca’s COVID-19 vaccine, questions were raised about the test results, but that doesn’t seem to stop regulators.
EUR/USD – the market is still sluggish, but the technical picture indicates a possible growth in the euro.
Retain long positions at 1.1906, but be ready to change into short positions, from 1.1880 to 1.1925.
The material has been provided by InstaForex Company – www.instaforex.com