Trading plan for EUR/USD on March 8. Another pandemic wave in Europe. Euro continues to decline.

analytics60459f5d151b5.jpgAnother pandemic wave is emerging in Europe. According to latest reports, most of the countries that have high incident rates are from the bloc. For example, France, Poland and the Czech Republic.

Meanwhile in the United States, the situation is progressing rather exceptionally. So far, daily cases have dropped to below 100,000, which is a lot because the peak before was around 300,000.

With regards to vaccination, the picture is still the same. Progress, especially in Europe, is still slow, but the pace in Britain and in the US is picking up.

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EUR/USD - euro traded downwards, after failing to hold at 1.1990 last week.

Open short positions from 1.1990 to 1.2035.

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

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