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FX.co ★ Trading plan for EUR/USD on March 1. Euro declines ahead of US data.

Trading plan for EUR/USD on March 1. Euro declines ahead of US data.

Trading plan for EUR/USD on March 1. Euro declines ahead of US data.

Incidents have already dropped quite significantly in the United States. Unfortunately, the same can not be said in Europe, as new cases have gone back to around 19,000, especially in France. Meanwhile, everything is generally fine in Britain, but in Italy and the Czech Republic, there is a dangerously high rate of new cases.

In any case, vaccinations are ongoing. In fact, the pandemic is now expected to stop in US and UK. But in other countries, not much progress is expected, especially amid a rather slow rate of vaccination.

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Trading plan for EUR/USD on March 1. Euro declines ahead of US data.

EUR/USD

Euro is trading downwards.

Open short positions from 1.2108 to 1.2153.

Open long positions at 1.2245.

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