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02.01.202012:41 Forex Analysis & Reviews: Trading plan on EUR/USD for January 2, 2020.

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Exchange Rates 02.01.2020 analysis

So, the new trading year 2020 has started. Happy New Year to you!

The EUR/USD exchange rate is experiencing a downward pressure on the first hours of trading.

However, everything is within the upward trend so far: The signal for the trend is a break and consolidation above 1.1200.

Keep buying from 1.1035, like from the beginning of December.

It makes sense to keep buying from 1.1100.

Buy from 1.1200. I would write about breakeven.

Possible rollback on buying from 1.1185.

Sell from 1.1065.

Jozef Kovach
Analytical expert of InstaForex
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