Trading plan for EUR/USD on February 17. COVID-19 is retreating. Euro may change direction soon.

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An obvious decline in COVID-19 incidence has been observed, primarily in the United States and Britain.

In the US, the figure was only 63,000, which is 5 times lower than the peak recorded earlier. UK, meanwhile, listed around 10,000.

With regards to vaccination, it is still proceeding extremely slowly.

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EUR/USD - a downward reversal may occur soon.

Yesterday, the euro sold very strongly from the weekly high, after the US published very strong data on business activity. Clearly, the US economy is recovering, which is a huge contrast to the EU who is still experiencing a downturn.

Open long positions from 1.2060.

Open short positions from 1.2080.

The market is also waiting for upcoming data on US retail sales.

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

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