FX.co ★ Trading plan for EUR/USD on August 10, 2020. COVID-19: recession in the US and Brazil, growth in India.

The pandemic seems to be in a recession, as the number of daily incidences in the United States and Brazil have decreased sharply. However, this may just be due to the weekend, as such a scenario has already happened several times, with which the rise of infections resumed at the beginning of the week.

Meanwhile, the rate of infection continues to accelerate in India. The number of confirmed cases, as well as the daily increase, have now reached a maximum. Everyone is hoping for a downturn to occur soon.

EUR/USD: The attempt to push the quote past the price level of 1.1900 failed, so the euro is now forming a range.

Buy from the level of 1.1916, and stop at 1.1870.

Sell from the level of 1.1690, and stop at 1.1735.

Good luck!