FX.co ★ Trading plan for EUR/USD on September 17

COVID-19 update: a recession is seen in the United States and Brazil. New infections have stabilized around 40 thousand day, which is about 1.5 times lower than the earlier super-high statistics.

Unfortunately, the same can not be said in India, as its incidence rate has risen again to more than 95 thousand a day. However, the virus' lethality has become much lower than before, so there are relatively few deaths a day.

US market: no strong movement after the Fed meeting yesterday, which indicates that the mood in the market remains the same. It seems that investors are awaiting the presidential election in November.

EUR/USD: Euro traded downwards after the Fed meeting yesterday.

For now, set short positions from 1.1750 to 1.1820.

In case of an upward reversal, open long positions from 1.1885.