FX.co ★ Trading plan for the EUR/USD pair on December 1. The euro may turn down.

Growth in global COVID-19 incidence has stopped. Now, the number of new cases is at 496,000 a day (against a peak of 660,000), in which 161,000 of it were from the United States.

With regards to the COVID-19 vaccine, two drugs that were previously announced may be approved this December 10-15, so mass vaccinations may begin on December 11.

EUR/USD - The euro underwent a strong pullback last night, which raised the question of whether the upward movement will continue, since the level of 1.2020 was not reached. Meanwhile, the pound shows signs of a further increase, thus, the situation is very uncertain.

Keep long positions at 1.1906, but be prepared incase of a reversal from 1.1922.