FX.co - Trading plan for EUR/USD on January 28

2021-01-28T06:56:23

Relevance until2021-01-29

COVID-19 is retreating. Incidence in both the US and UK have decreased significantly.

But with regards to vaccination, the pace is still very slow. Supply is insufficient, and Europe is in conflict with AstraZeneca over it.

Trading plan for EUR/USD on January 28

EUR / USD: Market participants are awaiting the 4th quarter US GDP report.

Keep short positions at 1.2105.

But in case of a reversal, open long positions from 1.2180 to 1.2135.

*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 28