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FX.co ★ Trading plan for EUR/USD on February 26. Third wave of coronavirus in Europe.

Trading plan for EUR/USD on February 26. Third wave of coronavirus in Europe.

Trading plan for EUR/USD on February 26. Third wave of coronavirus in Europe.

COVID-19 incidents continue to increase. All in all, it has grown by about 40% from the lows. Many are fearing that this is a sign of another pandemic wave. Therefore, now is the time for the governments to throw all their strength into vaccination. For example, Europe needs to step up its game since only less than 5% of its population has been vaccinated.

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Trading plan for EUR/USD on February 26. Third wave of coronavirus in Europe.

EUR/USD - price fell amid strong economic data from the US.

According to the reports, jobless claims in the US have fallen sharply by 100,000, reaching only 730,000 last week. Orders for durable goods also rose, by about 3.4%, which is above forecast.

Keep long positions at 1.2145, but be ready to open short positions at 1.2108.

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