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