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Trading plan for EUR/USD on March 6, 2020

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The coronavirus is still a major risk for the markets. The virus is still spreading fast, as more than 2000 new infections are recorded outside of China. Now, there's a total of 15,000 cases, and the rate of the spread is not less than +10% per day.

If the rate of the spread of the disease does not decrease, the risk of a major crisis due to the virus will not decrease as well. The airline and tourism industries are already suffering huge losses because of it.

Meanwhile, the US employment report for February will be released at 14:30 London time. Strong data is expected, at the level of +180 K.

EUR/USD: in the morning of March 6, the dollar fell against all major currencies - the franc, the yen, and the pound.

The euro has passed an important level on its way up to 1.1240.

Keep purchasing from 1.1100.

Wait for the closing of the day and the week.

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