FX.co ★ Trading plan for EUR/USD on August 5, 2020. Coronavirus and important news in the US

The situation in the United States seems to be improving. The country recorded 54 thousand new infections yesterday, well below its highest figure which is 75 thousand. Unfortunately, mortality is still above 1,300, the same record of deaths as in Brazil.

Meanwhile, India lists 51 thousand new cases, and is most likely in the peak of the pandemic.

With regards to the vaccine, Russia announced that it is ready to begin mass vaccination in October, while Western countries think that more tests are needed.

S&P 500 daily: The US market keeps on growing paradoxically amid a slowdown in the economy and strong second wave of the virus.

Yesterday, industrial orders came out above forecast, but the data is for June, which is already history.

EUR/USD: Keep buying from the level of 1.1810, or sell from the level of 1.1690.

Wait for the upcoming US labor market report at 13:15.