FX.co ★ Trader's diary on 08/10/2020. EURUSD

EURUSD:

The Eurocurrency is retreating from the level of 1.1900.

Last week, the euro failed to consolidate above the level of 1.1900, opens the possibility for a large correction.

News: In the United States, Trump, bypassing Congress, introduced the continuation of tax breaks for Americans with an income of less than $ 100 thousand a year (and such 98%) and extended the $ 400 benefit to the unemployed. This is obviously a pre-election move.

EUR/USD: We are ready to sell at 1.1754 and stop at 1.1799.

We are ready to buy from the level of 1.1916.