FX.co ★ Trading plan for EUR/USD on February 3. COVID-19 is retreating. Euro is to trade downwards soon.

COVID-19 is clearly retreating. Global incidence has finally dropped below 500,000, with the US recording a significant decrease in new cases, almost 3 times below the peak. Perhaps, this is due to the strict quarantine measures implemented in many countries. Or maybe this is because a high percentage of the population is already ill with the virus.

EUR / USD - euro will trade downwards soon.

Open short positions from 1.2055 to 1.2100.

Set up long positions from 1.2160.

But in case of an upward reversal, start trades at 1.2100.

News: A report on US employment will be published today, and it will certainly affect market dynamics and sentiment.