FX.co - Trading plan for the EUR/USD pair on December 23. Global COVID-19 incidence increased again. The euro underwent a large pullback.

2020-12-23T10:22:56

Relevance until2020-12-24

Global COVID-19 incidence increased again, reaching 605,000 yesterday. However, it is below the recorded peak, which is somehow a good sign.

In the United States, new cases to 199,000, while deaths hit 3.4 thousand.

Meanwhile, because of the new strain of the coronavirus, neighboring countries have interrupted transport links with the UK.

Quarantine standards have also been tightened in Europe, but vaccinations both in the US and the UK are progressing rapidly.

Trading plan for the EUR/USD pair on December 23. Global COVID-19 incidence increased again. The euro underwent a large pullback.

EUR/USD - the euro underwent a large pullback, but the upward trend may still continue.

Open long positions from 1.2190.

Open short positions from 1.2130.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Jozef Kovach

FX.co ★ Trading plan for the EUR/USD pair on December 23. Global COVID-19 incidence increased again. The euro underwent a large pullback.