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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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Trading plan for the EUR/USD pair on October 22. Continued rise of COVID-19 cases and growth of the European currency.

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There is a lull in the US market, which suggests that growth has a low chance of occurring any time soon. Instead, look forward to price rebounds and then sell, as such will happen before and after the US presidential elections.

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As of the moment, the total figure of COVID-19 cases around the world is 437 thousand.

Europe continues to observe record high incidence rates, so now, the UK and France have more than 26 thousand new patients a day. Spain, Italy and the Czech Republic, meanwhile, have recorded more or less 16 thousand.

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EUR / USD - growth continues in the European currency.

Thus, long positions may be opened from 1.1840, while stop loss may be placed at 1.1790.

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