FX.co ★ Trader's Diary on August 18,2020. EURUSD

Coronavirus in the world:

There is a significant decline during the second day of recession in the United States and Brazil. If we look at the numbers in the table for the United States, the maximum was +75 thousand, while the maximum for Brazil was +60 thousand.

On the other hand, India has a new epicenter, there is no recession.

EURUSD:

The euro is slowly but steadily increasing. It reached a maximum of 1.1915, as the pound supports it.

Due to this, there is a chance of growing to the level of 1.2000 and more.

In case of a downward reversal, we take the stops at 1.1765 and sell from the level of 1.1710.