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18.01.202109:10 Forex Analysis & Reviews: Trading plan for EUR/USD on January 18. Euro is on sale.

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 18.01.2021 analysis

Just like the previous times, global COVID-19 incidence decreased over the weekend. However, further observation is needed before we can confirm if the virus has really retreated.

With regards to vaccinations, its pace has slowed around the world. Some countries have insufficient supplies, while some have no wide campaign among the population.

Exchange Rates 18.01.2021 analysis

EUR/USD: No important report is scheduled for release this week, except for the upcoming inauguration of Joe Biden this January 20.

In any case, there is a sell-off in the euro, therefore, open positions from 1.2180.

Jozef Kovach
Analytical expert of InstaForex
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