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FX.co ★ Trading plan for EUR/USD on March 9

Trading plan for EUR/USD on March 9

Trading plan for EUR/USD on March 9

Significant progress can be observed in the United States. Incidents have decreased to below 50,000, which is a very good news.

In the UK, some quarantine measures have been lifted

In Germany, the government promised to dramatically accelerate vaccination, to up to 10 million doses per week.

Prime Minister Mario Draghi also pledged to accelerate vaccination in Italy.

Trading plan for EUR/USD on March 9

EUR/USD

Euro moved up a bit, after breaking through 1.1990.

Open short positions after a rebound from 1.1990.

A report on US inflation will be published this week (Wednesday), and it will most likely affect volatility and market sentiment.

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