FX.co ★ Trading plan for the EUR/USD pair on December 3. COVID-19 is on the rise again, but a vaccine will be available soon. The euro remains trading in an upward trend.

COVID-19 is on the rise again, indicated by the growth of infections to 635,000 (a day), so close to the recorded peak which is 660,000.

The United States has observed a new maximum, as cases reached almost 204,000 yesterday.

Meanwhile, Europe, on the contrary, showed a slow decline.

As for mortality rate, a total of 12,000 a day was recorded, and 2,800 from it came from the United States.

On a positive note, Pfizer's vaccine was approved, so vaccinations in the UK will begin next week.

The US market may shift into a bullish trend soon. Although it will not be strong nor long -term, sellers need to skip it and wait for a stop.

EUR/USD - the euro is trading in an upward trend, and will remain to do so as long as long positions are kept.

Therefore, retain longs at 1.2012, but stop at breakeven (when the first target is reached, that is, when the quote moves by 100 pips).

You may buy as well after a strong pullback.

To date, there are no sell signals near 1.1922.

Selling from the highs is possible, but very risky.