FX.co ★ Trading plan for EUR/USD on March 15. Europe is at risk of another COVID-19 wave. Markets are gearing up for upcoming Fed decisions.

Obviously, vaccination in the US is successfully doing its work of bringing down COVID-19 incidence. In fact, US President Joe Biden has demanded state authorities to speed up vaccinations.

Unfortunately, the same can not be said in Europe, which is currently threatened by another pandemic wave. Daily incidents in both France and Italy are dangerously high, while the pace of vaccinations is very slow.

Warm weather further complicates the situation.

It seems that only the acceleration of vaccination can defeat this emerging third wave.

EUR / USD

Markets are preparing for the upcoming Fed decisions.

But it is clear to everyone that the central bank will continue its current super-soft policy, as well as its pumping of money into the economy.

Open long positions from 1.1920 to 1.1865, or on a break above 1.1990.

Meanwhile, open short positions from 1.1830

The Federal Reserve will publish its decisions on Wednesday, March 17.