FX.co ★ Trading plan for EUR/USD on July 30, 2020. New leap in COVID-19 incidence.

A new leap in new Covid-19 cases was observed in the United States, Brazil and India yesterday, after declining steadily in the previous three days. Even worse, the number of deaths has increased, in which for the first time in many days, mortality in the US has exceeded 1,000 per day.

EUR / USD: The euro consolidated ahead of the upcoming data on US GDP.

The first report on the US GDP for the 2nd quarter will be released at 13:30, the forecast of which is minus 35% y / y.

As for the Fed's decision that was released yesterday, nothing new was announced so the market did not react and changed significantly. "We will support the economy and employment, as we are already doing," the Fed said.

Open buy transactions from the level of 1.1670 and below, after a strong pullback from the current price level.