Trading plan for February 10, 2020. All is in favor of the US dollar

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On the morning of February 10, 908 deaths and 40 thousand infected (an increase of + 10% in two days), of which almost 4,000 are in serious condition, are recorded regarding the epidemic situation in China.

The growth rate of infection is still high, at about 10% increase per day or two.

Meanwhile, the positive news is that on Saturday, experts said that the peak of the virus has passed, and the rate of spread in February is much lower than that of January. This is a positive news for the markets as well.

Arguments in favor of the dollar:

1. Trump won the impeachment case, becoming significantly stronger.

2. The epidemic situation in China is pushing investors into the dollar.

3. The US employment report showed a strong job increase in January: +225 K.

EUR/USD:

Keep selling from 1.0990.

When a rebound happens, sell from 1.0990.

The signal to cancel is 1.1035.

The material has been provided by InstaForex Company - www.instaforex.com