FX.co ★ Trading plan for EUR/USD on September 18. New bullish wave in the euro.

Another surge in coronavirus incidence has emerged. Cases have risen sharply in India (more than 96 thousand a day), as well as Latin America and Europe (Chile, Argentina, Spain and France all recorded more than 10 thousand new cases a day).

Meanwhile, the leading countries in the earlier months have finally observed a sharp decrease in their statistics. Both the United States and Brazil have listed incidences no higher than 50 thousand a day.

At the same time, a vaccine was finally developed in China, however, most do not really trust it.

US and Europe, despite the second wave, did not re-introduce full quarantine, but only tightened local restrictions.

EUR/USD: The euro rallied despite the strong US employment report yesterday.

The weekly employment report showed a decrease in long-term unemployment to 12.6 million - a decrease of 700 thousand per week, which is a very good dynamic. Nonetheless, the dollar still traded downwards in the market.

Open long positions from 1.1885;

Open short positions from 1.1735.