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21.01.202108:54 Forex Analysis & Reviews: Trading plan for EUR/USD on January 21

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 21.01.2021 analysis

COVID-19 has not retreated yet. Yesterday, global incidence came close to all-time highs again.

Aside from that, the pace of vaccination is still slow. Clearly, manufacturers are struggling to keep up with supplies.

Exchange Rates 21.01.2021 analysis

EUR/USD: Joe Biden's inauguration went smoothly.

Now, the markets are waiting for the results of the ECB meeting, as well as the latest US employment report.

Open long positions from 1.2160.

Open short positions from 1.2050.

Jozef Kovach
Analytical expert of InstaForex
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