FX.co ★ Trading plan for EUR/USD on July 28, 2020. Correction on the euro. Drop in COVID-19 incidence.

For the second day, the United States and Brazil recorded a significant drop in coronavirus incidence, listing about 15 thousand new cases a day. India also saw a slowdown in figures, but it is still too early to draw conclusions. Nevertheless, these data are very encouraging.

At the same time, several countries are already in the final stages of vaccine testing so the world may finally get it by autumn.

US market - a slight increase was observed amid good data on orders for durable goods. The report came out + 7.3%, which is above the forecast.

Now, the market is awaiting for the FOMC meeting on Wednesday.

EUR/USD: The euro is under a correction. It met serious resistance on its way up, at the level of 1.1800.

Buy positions from 1.1590 and below.