Coronavirus retreats. Optimism concerning euro rises. Outlook for EUR/USD on February 20, 2021


The coronavirus statistical data is fixed at the levels that are two times below the record highs.

Thus, the global number of confirmed virus cases is 400 thousand a day. In particular, in the US the daily rise totals 80 thousand.

Death toll is approximately 2% from the number of infected people.

Importantly, a lower number of new cases leads to higher quality of patient care and treatment.

Vaccination programs: COVID-19 vaccine rollout is rather slow. The situation is a bit better in the US. About 14% of citizens are already vaccinated.

In Russia, the vaccine rollout is very slow. Even in Moscow, where the local authorities are actively stimulating the vaccination program, only 10% have received their doses. In general, in Russia, only 3% of people are vaccinated.


EUR/USD chart at the end of the trading week

The euro is likely to go on gaining in value. There is a new level to open buy positions.

Buy positions could be opened from 1.2170 with Stop Loss – at 1.2080.

The material has been provided by InstaForex Company -