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12.01.202108:30 Forex Analysis & Reviews: Trading plan for EUR/USD on January 12. Another decline in COVID-19 incidence. The euro may resume growing soon.

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 12.01.2021 analysis

Latest data suggests that COVID-19 is starting to retreat. Yesterday, global incidence has decreased again, especially in the US, UK and Europe.

At the same time, vaccination is active around the world. Its effects will be seen around February.

Exchange Rates 12.01.2021 analysis

EUR/USD - growth is still possible in the euro.

Open long positions from the lows or from 1.2200.

Jozef Kovach
Analytical expert of InstaForex
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