FX.co - Trading plan for EUR/USD on March 18. Europe is at risk of another COVID-19 wave. Euro traded upwards due to the Fed's policy decisions.

2021-03-18T08:29:11

Relevance until2021-03-19

Trading plan for EUR/USD on March 18. Europe is at risk of another COVID-19 wave. Euro traded upwards due to the Fed's policy decisions.

Europe is at risk of another COVID-19 wave. According to the latest reports, France now has approximately 38,000 new cases a day, and authorities are concerned that this may continue until the end of April. Unfortunately, this also threatens the economic growth of both France and the whole Euro area.

Trading plan for EUR/USD on March 18. Europe is at risk of another COVID-19 wave. Euro traded upwards due to the Fed's policy decisions.

EUR/USD: Euro traded upwards due to the recent Fed decisions.

Apparently, the Federal Reserve managed to convince investors that there is no need yet to tighten monetary policy.

The US market also grew and hit new all-time highs.

Going back to the euro, open long positions from 1.1920, while place stop loss at 1.1880.

There is a small chance that price will turn downwards.

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

#Trading plan #EURUSD #COVID-19

Analytical expert

Jozef Kovach

InstaFintech Group @ 2007-2024

FX.co ★ Trading plan for EUR/USD on March 18. Europe is at risk of another COVID-19 wave. Euro traded upwards due to the Fed's policy decisions.

Forex Analysis

Trading plan for EUR/USD on March 18. Europe is at risk of another COVID-19 wave. Euro traded upwards due to the Fed's policy decisions.