Trading plan for the EUR/USD pair on October 23. New record high on COVID-19 incidence; Growth in the US dollar.

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.

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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.

Good luck!

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

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MOKAR

Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

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