Trading plan for the EUR/USD pair on December 25.

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COVID-19 is on the rise again. A global incidence of about 673,000 was recorded yesterday.

In the United States, new cases have decreased to below 200,000, while in Brazil, a sharp jump to 58,000 was observed.

Growth was seen in Europe as well, as the UK listed 39,000 new cases and Germany recorded 26,000 new infections.

As a result, Europe imposed strict quarantine restrictions, especially for the holidays.

On the positive side:

a) Vaccination is active both in the US and the UK, while Europe will begin on December 27 Vaccinations will also start in South America after Christmas.

b) The Brexit crisis is over. Finally, the EU and the UK has concluded a trade deal, so now, parliaments must ratify the agreement on December 30.

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S&P 500 - the US market grew sharply, reaching record highs before the holidays. A new and small growth is expected, followed by a strong correction.

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EUR/USD: Expect a sharp growth after the weekend.

Open long positions from 1.2190.

Open short positions from 1.2130.

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