FX.co ★ Trading plan on EUR/USD for February 11, 2020

US stock indexes showed solid growth on Monday, February 10. Because of this, the dollar is strengthening.

But first, an update on the epidemic in China: in just a day, the number of deaths have increased by 10%. The current count is 1000. Meanwhile, the number of newly infected grew more slowly from 2400 to 42 000. This is an increase of about 5%, much slower than 10%, and confirms the slowdown in the spread of the disease.

Because of this, the probability that the epidemic will be stopped has increased.

Meanwhile, another news against the euro: in Germany, the "transit of power" begins - Merkel's successor as head of CDU announced that she refuses to claim the role of Chancellor. Merkel expressed regret on this. The elections in Germany will commence in 2021.

EUR / USD: euro continues to decline, falling almost to 1.0900, with a strong 1.0880 level ahead on the way down.

Keep selling from 1.0990. Sales are also possible from 1.0960 and higher.