Latest data indicates that the world saw a new record high on COVID-19 incidence, having listed almost 500 thousand new cases worldwide.
The most alarming situation is Europe’s, as France recorded a massive figure of 41 thousand new infections a day. Britain and Spain then follows, with 21 thousand new cases a day.
A vaccine for the disease is expected to come out this November.
EUR/USD – The euro declined slightly after demand for the dollar increased amid strong reports on the US labor market.
Set up long positions from 1.1710-1.1750 to 1.1700
1.700 is a support level for the euro, however, it’s still unclear whether it will be strong enough to withstand pressure from the bears.