FX.co ★ Trading plan for EUR/USD on March 23. Third COVID-19 wave in Europe.

As of this morning, the top 10 countries in the list for highest COVID-19 incidence are from Europe. This brings about the idea that the bloc is undergoing another pandemic wave.

And sadly, the pace of vaccination is also slow. There is even a high chance that the situation will escalate, when warm weather sets in. This would be very detrimental to the European economy.

EUR/USD

The market is full of uncertainty at the moment. Perhaps, everything will be clear by Wednesday or Thursday, when the US releases a number of macroeconomic reports.

Buy from 1.1990 up to 1.1945.

Sell from 1.1870 up to 1.1915.