FX.co ★ Trading plan for EUR/USD on August 13, 2020. COVID-19: increase in new cases

Another increase in daily incidence has been recorded around the world. This suggests that the situation is not improving, and the fight against the coronavirus is not oer yet.

Mortality in leading countries - US, Brazil and India - also remains 1,000 a day, which is not good as well.

In the United States, the current situation is a complete failure with regards to the fight against the pandemic. Trump has a very high chance of losing in the upcoming presidential elections, and this will cause a significant revision of tax policy, especially if Democrat Joe Biden wins the presidency. Unfortunately, such will be bad for the dollar and the US market.

EUR / USD: Euro starts to rise again.

Buy positions at the price level of 1.1810, and stop at 1.1765.

Today, the weekly report on US labor market will be published, a sharp slowdown in it will be negative for the dollar. Euro may rise to 1.1900, or perhaps to 1.2000.