FX.co ★ Trading plan for EUR/USD on March 25. Third COVID-19 wave in Europe.

The situation is worsening in Europe. Infection rate has escalated to a problematic level, especially in France, Poland, Turkey, Italy and Germany.

Accordingly, global incidence increased to 580,000.

And sadly, the pace of vaccination is still slow. In fact, less than 10% of the population has been vaccinated in France and Germany

But in the United States and Britain, mass vaccinations have greatly reduced the number of infections.

EUR / USD

Euro continued trading downwards despite the weak data on the US economy. Obviously, the escalating situation with COVID-19 affects the euro more.

Open short positions from 1.1870.

Open long positions no earlier than 1.1950.