FX.co ★ Trading plan for EUR/USD on September 4

COVID-19: There is a stabilization in the United States and Brazil, albeit at unpleasantly high levels.

Meanwhile, the situation in India continues to deteriorate, having recorded another increase of new cases to 84 thousand per day (!).

A strong second wave can also be observed in Argentina, Colombia and Spain, as the three countries listed 8-12 thousand daily incidents.

S&P 500 daily chart: US market crashes to minus 4% on indices yesterday, but there were no particular reasons for the fall. Perhaps, large players just decided to take profits.

Meanwhile, elections in the US is to take place soon, and it seems that Democrat Joe Biden has a high chance of emerging victorious. This could significantly change tax policy, which is now super-soft under Trump.

EUR/USD - set long positions from 1.1865 to 1.1820, while short positions from 1.1785.