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27.01.202108:52 Forex Analysis & Reviews: Trading plan for EUR/USD on January 27. Slight rise in COVID-19 incidence.

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Exchange Rates 27.01.2021 analysis

Global incidence rose a bit on Tuesday, but the figure remains significantly below the all-time highs.

In the US, the number of new cases have decreased, but the death rate is almost at peak levels. Obviously, mortality lags behind morbidity.

With regards to vaccination, it is progressing rather slowly, since there are difficulties in producing large supplies.

Exchange Rates 27.01.2021 analysis

EUR/USD - market participants are awaiting the Fed's statements today.

Open long positions from 1.2190.

Open short positions from 1.2105.

Jozef Kovach
Analytical expert of InstaForex
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