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FX.co ★ Trading plan for EUR/USD on March 2. COVID-19 is retreating. Euro declines amid strong US data.

Trading plan for EUR/USD on March 2. COVID-19 is retreating. Euro declines amid strong US data.

Trading plan for EUR/USD on March 2. COVID-19 is retreating. Euro declines amid strong US data.

The coronavirus is clearly retreating. Overall incidence has dropped to below 300,000 per day, and there is good progress in the United States and Britain. Perhaps, vaccination is already taking its toll.

A significant decrease in new cases can also be observed in Western Europe, particularly in France and Spain.

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Trading plan for EUR/USD on March 2. COVID-19 is retreating. Euro declines amid strong US data.

EUR/USD: Euro declined after the release of strong US data. According to the report, the ISM industrial index came out at 60.8 points this February, which is much better than the forecasts of economists.

Another important report will be released on Wednesday.

Open short positions from 1.2108 to 1.2153.

Important support levels for the euro are 1.2000 and 1.1950.

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