Trading plan for the EUR/USD pair on November 6. New record highs in COVID-19 incidence, growth in the European currency.

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A new peak in COVID-19 incidence is recorded, around 608 thousand a day. About 118 thousand from it were from the United States, while 58 thousand were from France.

As for the fatality rate of the virus, about 9 thousand deaths are recorded every day.

Because of this, new lockdowns were imposed in Europe, however, it did not negatively affect the position of the European currency in the market.

US elections: The counting of votes is ongoing. Joe Biden now only needs to win in Nevada in order to ultimately win the presidential race. As of this moment, Biden is leading by 0.9%, but if he really wins, Trump will most likely appeal in court.

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EUR / USD - The euro is showing a consistent growth in the market. However, this will be limited by the strong resistance at 1.1850 - 1.1900.

Open long positions from 1.1750, or on a pullback from 1.1780.

Longs can be opened as well at 1.1860.

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