FX.co ★ Trading plan for EUR/USD on August 14, 2020. COVID-19: another rise in daily incidence

The second wave of the pandemic is still on the rise, with which daily incidence in the three leading countries amounts to more than 55 thousand cases a day. Mortality is also rather high at 1,000 a day, which is not good as well.

Meanwhile, the euro is under strong pressure from the bears, but the quote nonetheless is holding on the current prices.

Thus, keep buying from the level of 1.1810.

In case of a reversal, sell from the level of 1.1710.