FX.co - Trading plan for EUR/USD on March 3. COVID-19 has retreated. Euro is trading upwards.

3 March 2021 at 7:44AM (UTC+0)

Relevance until4 March 2021 at 5:08AM (UTC+0)

COVID-19 is clearly retreating. In fact, total incidents have remained around 350,000 to 400,000 a day.

But in Europe, the number of new cases have increased a bit, particularly in France and Italy

Nevertheless, vaccinations are ongoing. Although apart from the United States and Britain, they are very slow.

But its pace is expected to accelerate this April, since supply will have increased by then.

Trading plan for EUR/USD on March 3. COVID-19 has retreated. Euro is trading upwards.

EUR/USD

Euro is trading upwards.

Open long positions from 1.2100.

A number of important reports will be released this week. The first one is the ADP employment report, which will be published today.

*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 EUR/USD on March 3. COVID-19 has retreated. Euro is trading upwards.