Latest data indicates that COVID-19 cases jumped again, adding a huge 680,000 to the global incidence. In the United States, the number of new cases increased by 225,000. Most likely, this is due to the celebration of New Year around the world.
Aside from that, there are also reports of very sluggish vaccinations in the US. But in the UK, the pace remains stable. However, so far, the effect is yet to be seen. Perhaps, it will appear before the end of January.
EUR/USD - Euro bulls are trying their best to maintain the upward trend.
Open long positions from 1.2190.
Open short positions from 1.2210
Important economic reports, which could influence the direction of the market, are scheduled for release today in the United States.
