FX.co ★ Trading plan for EUR/USD on June 22, 2020. An upsurge in the coronavirus. The markets are waiting for important news.

The chart above shows the coronavirus statistics as of the morning of June 22.

According to the data, the situations are now improving since at the weekend, the figures recorded were very terrible. Brazil saw a huge jump in new infections at about 55 thousand (!!!), which was the same as what Sweden or Belarus recorded for the entire pandemic wave.

In the US, an increase was observed in the number of new cases exactly 2 weeks after the mass protests. It jumped to about 33 thousand last weekend, but now has declined, as was the data recorded in Brazil.

Meanwhile, the infection rate in India continues to accelerate. The daily increase of new cases in the country is already at 15 thousand.

EUR / USD: the direction of the euro remains unclear.

The market is awaiting the upcoming US employment reports on Thursday, as well as the consumer income / expense reports that will be released on Friday.

EUR / USD: Open buy positions from 1.1260.

Open sell positions from 1.1165.

S&P 500 - The US market is currently consolidating at highs, but it will soon turn downwards and record a decline. There is no reason for a continued growth in the market because as seen on the chart above, the situation in the economy is not very good. In addition, unemployment has already reached 20 million, and the next steps for it are still unclear. Thus, sell positions are the most recommended at the moment.