Trading plan for EUR/USD on February 23. COVID-19, vaccination and Powell's speech in Congress.

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Global incidence has stabilized below 300,000, which is significantly lower than the 800,000 recorded from December to January. The largest progress is in the United States, having listed around 60,000 new cases, from 300,000 before. Britain also saw a huge decrease in incidents, from 50,000 to 10,000.

Did the widespread vaccination cause this? Unfortunately, no. Only US and UK have made good progress in vaccination, being able to vaccinate 15-20% of the population. In the rest of the world, no more than 3% of the population has been vaccinated.

Therefore, it is possible that the decline we are seeing right now is only seasonal, and a new wave of incidents will arise again in spring.

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EUR/USD: Euro gave a signal for growth yesterday, but stopped. It seems that the market is waiting for the Fed's statements in the Congress later.

In fact, even if the pound has skyrocketed already, the euro remains trading in a range.

Open long positions from 1.2145 to 1.2089.

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