FX.co ★ Trading plan on EUR/USD for January 27, 2020. FRS and other important news.

In the new week, the market will receive a package of important data:

Wednesday, January 29 - the Fed's decision on rates.

Thursday, January 30 - the first report on US GDP for the 4th quarter.

Friday, January 31 - new data on income/expenses and inflation.

All these data can either strengthen the movement of EUR/USD downwards, or stop and reverse it.

EUR/USD: Euro opened the week in a "downward" state - the decline began after the ECB meeting.

Sell: From 1.1070.

In case of a reversal, buy on the break through of 1.1110.