Trading plan for the EUR/USD pair on September 25

analytics5f6d9e11dd685.jpg

Another pandemic wave seems to be starting in Europe, as incidence rate has again increased in some states. France recorded a surge in cases, about 16 thousand a day, while Spain listed about 10 thousand.

Meanwhile, the earlier leading countries have finally observed a stabilization in daily new cases, if not a reduction. India records about 90 thousand cases a day, while the United States and Brazil have an average of 30 to 40 thousand cases.

analytics5f6d9e3945744.jpg

EUR/USD: The bulls are trying to turn the downward trend.

To resume a bearish mood, keep selling from the level of 1.1735, and place stop at 1.1760

A halt in the downward move will signal the end of the bearish trend.

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