FX.co ★ Trading plan for the EUR/USD pair on December 11. Increased COVID-19 infections in US and Germany.

Yesterday, global COVID-19 incidence increased again, reaching 678,000, just 2,000 short of its peak of 680,000.

Most of these cases came from the United States, which recorded a growth of 200,000 new infections. Deaths, meanwhile, amounted to 3,000 yesterday.

The situation is also bad in Germany. But in other European countries, a strong decline in the figures were observed. This suggests that the strict quarantine measures implemented by authorities were very effective.

As for the UK, mass vaccination begins today.

EUR / USD - Demand for the euro is growing after the ECB announced its decision to expand support for the economy by € 500 billion (up to $ 1.8 billion). But so far, it is facing strong resistance around 1.2200.

Open long positions from 1.2165.

Open short positions from 1.2058.