FX.co ★ Trading plan for the EUR/USD pair on October 27. Continued attack of COVID-19 in Europe.

The situation remains bad in Europe, especially in France, whose daily incidence reached 27 thousand. As a result, the government is forced to impose curfew in order to control the spread of the virus.

Meanwhile, in Switzerland, cases are rising at an alarming rate, already reaching 17 thousand new infections a day. To add to that, the authorities have reported that hospitals were now experiencing difficulties due to the lack of space.

Nonetheless, despite this grave situation, the euro bulls are trying to keep the currency's growth:

EUR/USD: Set up long positions after a breakout from 1.1865. Place stop loss at 1.1770

Open short positions from 1.1785