Trading plan for EUR/USD on June 10, 2020. The dollar is at the lows ahead of the announcement of the Fed decisions. Coronavirus

Exchange Rates 10.06.2020 analysis

The table above shows the worsening situation of coronavirus cases around the world.

The data indicates that as of the morning of June 10, the US once again recorded an increase in the number of deaths, after declining strongly for about two days. The figure is again above 1,000 per day.

Brazil also observed a sharp jump in the number of new cases per day, recording an increase of more than 30 thousand new infections. It surpassed the highest figure recorded earlier in the country, and could exceed China’s highest record of 80 thousand in the coming days.

Meanwhile, India may turn out as the new center of the pandemic, as the rate of infection in the country keeps on accelerating. It’s now in sixth place in the highest number of coronavirus infections.

Exchange Rates 10.06.2020 analysis

The US market has finally shown signs of a decline.

Build a bearish strategy by opening sell positions from the current levels, placing stops to reach the highs of June 8.

Exchange Rates 10.06.2020 analysis

EUR / USD: The dollar is at the lows ahead of the announcement of the Fed decisions. It has actually been going down sharply against risky assets in recent days.

Thus, since the rate of the euro is high, open buy positions from 1.1320, targeting the level of 1.1480.

The announcement of Fed decisions will start at 19:00 (UTC + 1).

Source: Trading plan for EUR/USD on June 10, 2020. The dollar is at the lows ahead of the announcement of the Fed decisions. Coronavirus

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