FX.co ★ Trading plan for the EUR/USD pair on December 4. New peak in COVID-19 incidence. However, it may decline again since vaccinations will begin soon. The euro is trading at its highs.

Yesterday, new COVID-19 infections reached around 680,000, indicating a new peak in global incidence. Similarly, the United States also saw an increase, recording almost 219,000, which is a new peak for the country as well. Most likely, this is the result of increased contacts on Thanksgiving Day. As for Europe, stabilization and slow decline in the cases continues.

On a positive note, vaccinations in the UK will begin next week. Pfizer's vaccine is expected to be approved on December 10, so vaccinations in the US will begin on December 11-12. As for Germany, vaccination stations are already being set up.

EUR / USD - The euro is trading at its highs, indicating a bullish trend.

Buy positions after a strong pullback, particularly at 1.2080 and below.

The first target will be 1.2300.

To date, there is no good level for selling yet, but it will appear after the quote moves down and then trade up again.

News: The weekly report on US employment showed a decrease in long-term unemployment by 500,000. Thus, it is now at 5.5 million.