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04.01.202109:18 Forex Analysis & Reviews: Trading plan for the EUR/USD pair on January 4. COVID-19 retreated a bit, and vaccinations are active around the world. Meanwhile, the euro is trying to rise.

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Exchange Rates 04.01.2021 analysis

The latest records suggest that COVID-19 has retreated a bit, having listed only 510,000 cases over the weekend, much lesser than the figures seen in the previous days.

In the United States, new infections reached 200,000, while in Europe, everything has progressed for the better, especially after the introduction of strict quarantine measures. Britain, however, is an exception, since the country recorded 55,000 new cases over the weekend.

Nevertheless, vaccination is active around the world, and at the moment, Israel is in the lead, with 15% of its population having been vaccinated already. As for the US, the pace of vaccination is normal, while in Europe, the campaign has just begun.

Exchange Rates 04.01.2021 analysis

EUR/USD - the euro is trading in an upward trend.

Open long positions from 1.2190.

Open short positions from 1.2180.

There are a lot of news from the US this week. For instance, data on US employment and indices from the ISM. The ISM industrial index will be published tomorrow, January 5.

Jozef Kovach
Analytical expert of InstaForex
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