Trading plan for EUR/USD on March 4. COVID-19: new growth in Europe.

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Thanks to vaccinations, the United States, for the first time in many months, is no longer leading the list of countries that have a high infection rate for COVID-19. However, in order to fully see the effects of vaccination, at least 20% of the population must be vaccinated first. But so far, apart from the US and Britain, vaccination among other countries is no higher than 5%.

That said, most of European countries are now occupying top spots in the list for high infection rate. These are France, Italy, Czech Republic and Poland.

In Italy, the new Prime Minister, Mario Draghi, has fired Domenico Arcuri, the country's special COVID-19 commissioner, for slow vaccination.

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EUR/USD: Euro traded upwards amid weak US data. The ISM Service Index came out at 55 points, which is below forecast.

The euro will most probably continue climbing up today, so open long positions from 1.2115 to 1.2070.

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

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