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FX.co ★ Trading plan for EUR/USD on January 14. Growth in COVID-19 and political instability in the US.

Trading plan for EUR/USD on January 14. Growth in COVID-19 and political instability in the US.

Trading plan for EUR/USD on January 14. Growth in COVID-19 and political instability in the US.

COVID-19 incidence reached record highs again. It seems that without a vaccine, the virus will not retreat.

Unfortunately, at the moment, the pace of vaccination has slowed. In large countries, only about 2% of the population have been vaccinated. To change the dynamics, around 15% have to be vaccinated.

In another note, Democrats in the lower house of Congress passed the impeachment of Donald Trump. But according to the Senate, in the remaining week before Joe Biden takes office, it will not accept anything.

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Trading plan for EUR/USD on January 14. Growth in COVID-19 and political instability in the US.

EUR/USD - data on US employment will be released later in the afternoon.

In any case, open long positions from 1.2225.

Open short positions from 1.2130.

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