Latest data indicates that global COVID-19 incidence has increased again. The world recorded a total of 643,000 new cases yesterday, only 40,000 short of its peak which was 680,000. In the United States, morbidity has risen to more than 200,000, while Brazil recorded a new growth to 54,000.
At the same time, mortality rate is also at high levels. The world recorded above 12 thousand deaths yesterday, where 3.2 thousand of it came from the US.
Europe also observed growth in cases, so the authorities may impose stronger quarantine measures at Christmas.
On a positive note, vaccinations start in the UK tomorrow, December 11. Meanwhile, Pfizer's vaccine may be approved in the US today.
EUR/USD - the euro pierced the lower border of 1.2078 yesterday. Nonetheless, the trend still looks upward.
Open long positions from 1.2150.
Open short positions from 1.2058.
At 14:30, important news from the ECB and US employment will be released.