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07.01.202109:31 Forex Analysis & Reviews: Trading plan for EUR/USD on January 7. Trump supporters have taken the Capitol. Meanwhile, COVID-19 has again reached its peak.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 07.01.2021 analysis

Reports show that morbidity and mortality of COVID-19 has grown again. In particular, the total number of new cases jumped to 780,000, which indicates that the coronavirus is not backing down. Deaths have also increased to 14.5 thousand, that is, approximately 2% of the cases. Leading countries are the US, UK and Brazil.

On the bright side, vaccinations are underway, but its effect will appear only by February.

Washington: Supposedly, the US Congress is set to approve the results of the presidential election. However, Trump urged his supporters to "go to the Capitol '', as a result of which people swept a few guards and burst into the building. Then, Trump got scared of responsibility, therefore, an hour later, he urged everyone to disperse. But special forces have already been used and 4 people have died already.

Exchange Rates 07.01.2021 analysis

EUR/USD:

Open short positions from 1.2265.

Open long positions from 1.2350.

Jozef Kovach
Analytical expert of InstaForex
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