FX.co ★ Trading plan for EUR/USD on February 1. COVID-19 is retreating. Euro is still trading sideways.

COVID-19 is retreating. Global incidence has decreased almost 2 times less than the peak on January 8, and the number of new cases in the United States have declined rather noticeably as well.

With regards to vaccination, the pace is gradually increasing, but so far, in large countries, no more than 5% of the population have been vaccinated. Clearly, this can not dramatically change the situation with the incidence rate.

EUR/USD - euro is still trading sideways.

But this week, this may change amid upcoming reports on the US economy. In particular, on ISM indices for January.

Open long positions from 1.2160.

Open short positions from 1.2055.