FX.co ★ Trading plan for EUR/USD on September 14

COVID-19 update: Incidence in the United States and Brazil have retreated by about a 1.5 times, stabilizing around 40-45 thousand new cases a day.

Unfortunately, the same cannot be said in India, which recorded an increase of cases to more than 97 thousand a day. Nonetheless, good news is that deaths due to the virus have not exceeded 1,000 a day, which means that its lethality has significantly weakened in the country.

A strong second wave is also observed in Europe, in France and Spain in particular, as the two countries have recorded another surge of infection by 10 thousand and 5 thousand respectively.

Israel has also closed again all institutions since Thursday, and introduced strict quarantine measures - all citizens must stay at home and not move further than 500 meters (from home).

EUR / USD - another attempt for growth is expected, especially since an FOMC press conference is scheduled this week.

Open long positions from 1.1920 and from 1.1875.

In case of a downward reversal, sell shorts from 1.1750.