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FX.co ★ Trading plan for EUR/USD on February 25. New wave of COVID-19? Euro bulls are trying to push the price up.

Trading plan for EUR/USD on February 25. New wave of COVID-19? Euro bulls are trying to push the price up.

Trading plan for EUR/USD on February 25. New wave of COVID-19? Euro bulls are trying to push the price up.

COVID-19 incidents increased again yesterday. Most of the cases came from France, Italy and the Czech Republic.

Perhaps, this growth is a sign for a new pandemic wave. Fortunately, vaccines against the virus are already available, albeit insufficient at the moment. So far, only US and Britain are making every effort to accelerate vaccination. But in case this is indeed a new pandemic wave, governments and citizens will surely change their attitude towards vaccination.

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Trading plan for EUR/USD on February 25. New wave of COVID-19? Euro bulls are trying to push the price up.

EUR/USD: Euro traded downwards amid optimism brought by Jerome Powell's congressional speech.

Now, the euro seems to be ready for a new wave of growth.

Open long positions from 1.2145 to 1.2089.

Open short positions from 1.2085 to 1.2130.

A report on US employment will be released today at 13:30 GMT.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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