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16.01.202010:46 Forex Analysis & Reviews: Trader's Diary: EUR/USD on 01/16/2020, What did the fed say?

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The main news for Thursday morning was about the signing of a trade agreement between the US and China, after all their constant disputes and disagreements. Finally, those who feared an expansion of the Trump-China trade war can now relax and exhale.

Second, is the release of the fed's Beige Book report on the state of the US economy, as always, exactly two weeks before the fed's decision on rates. The report is replete with the words "moderate" and "very moderate." Despite the fact that we are talking about a clear slowdown in the US economy and most of all, the fact that its industry is lagging behind as there is no growth for several months. The main driver of growth is an increase in hiring, salary growth, and sales growth. In this regard, it is important to look at the new retail sales report today on Thursday at 13:30 UTC.

EUR USD:

Consolidation continues with high chances of going up.

Buy from 1.1205.

Sell from 1.1085.

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