FX.co ★ Trading plan for EUR/USD on September 11

Infection rate in United States and Brazil have dropped 1.5 to 2 times lower than peak values, while in India, the pandemic remains strong, infecting more than 95 thousand thousand. Lethality has also gone up, counting more than 1,000 deaths a day.

A difficult situation is also observed in Latin America - Peru, Colombia and Argentina in particular, the same with Spain and France, which have recorded another surge to 8-10 thousand new cases.

As expected, the US market is on another decline, the cause of which is the approaching US presidential elections. If Trump fails to win the race, big tax breaks could be cut or removed.

Sell in the market after a rebound upwards.

Euro rallied amid unchanged ECB policy, but failed to stay above 1.1900 and showed a strong fall downwards.

Open long positions from 1.1920.

Open short positions from 1.1750.