FX.co - Trading plan for EUR/USD on January 27. Slight rise in COVID-19 incidence.

2021-01-27T06:52:27

Relevance until2021-01-28

Global incidence rose a bit on Tuesday, but the figure remains significantly below the all-time highs.

In the US, the number of new cases have decreased, but the death rate is almost at peak levels. Obviously, mortality lags behind morbidity.

With regards to vaccination, it is progressing rather slowly, since there are difficulties in producing large supplies.

Trading plan for EUR/USD on January 27. Slight rise in COVID-19 incidence.

EUR/USD - market participants are awaiting the Fed's statements today.

Open long positions from 1.2190.

Open short positions from 1.2105.

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

Analytical expert

Jozef Kovach

FX.co ★ Trading plan for EUR/USD on January 27. Slight rise in COVID-19 incidence.