FX.co ★ Trading plan for EUR/USD on August 3, 2020. Drop in new COVID-19 cases and important news in the US.

The daily increase of COVID-19 cases in the United States, Brazil and India have slowed down recently, perhaps due to the weekend since in the past, recessions were observed every Sunday. Nevertheless, the second wave of the pandemic is still at its peak, with many new countries affected by a surge in the number of new infections.

EUR/USD: Important news on the US labor market will come out this week on Wednesday and Friday, the important point of which is at what level is unemployment stabilized.

Since the euro remains in an upward trend, buy positions from the level of 1.1700 and below.