Trading plan for EUR/USD on September 17

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COVID-19 update: a recession is seen in the United States and Brazil. New infections have stabilized around 40 thousand day, which is about 1.5 times lower than the earlier super-high statistics.

Unfortunately, the same can not be said in India, as its incidence rate has risen again to more than 95 thousand a day. However, the virus' lethality has become much lower than before, so there are relatively few deaths a day.

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US market: no strong movement after the Fed meeting yesterday, which indicates that the mood in the market remains the same. It seems that investors are awaiting the presidential election in November.

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EUR/USD: Euro traded downwards after the Fed meeting yesterday.

For now, set short positions from 1.1750 to 1.1820.

In case of an upward reversal, open long positions from 1.1885.

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