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19.01.202110:09 Forex Analysis & Reviews: Daily review for EUR/USD on January 19, 2021

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 19.01.2021 analysis

Daily review for EUR/USD pair:

We continue to sell from the level of 1.2110.

There is an upward reversal from 1.2180. However, a possible closer new upward level will be considered, in case the euro pulls back down.

On Thursday, a lot of information will be released – European Central Bank's monetary policy meeting and employment report in the United States. Thus, it is likely that the euro will wait for these news.

Jozef Kovach
Analytical expert of InstaForex
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