Trading plan for EUR/USD on February 18

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The situation with COVID-19 is stabilizing. There is a strong decline in incidence in both United States and Europe. In fact, the US steadily recorded new cases below 100,000.

Vaccinations are also starting to progress rapidly, but only in the US and Britain.

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EUR/USD is trading downwards. Primarily, this is because of strong economic data from the US.

Open short positions from 1.2080 to 1.2125.

Price will continue to decline if employment data (in the US) also comes out better than expected.

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

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