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FX.co ★ Trading plan for EUR/USD on January 20. Reversal in the euro and possible retreat of COVID-19.

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Forex Analysis:::2021-01-20T07:13:35

Trading plan for EUR/USD on January 20. Reversal in the euro and possible retreat of COVID-19.

Trading plan for EUR/USD on January 20. Reversal in the euro and possible retreat of COVID-19.

COVID-19 incidence declined again yesterday (both global and in the US), which suggests that the pandemic could be retreating already. The decrease was very noticeable relative to the all-time highs recorded during the second pandemic wave.

In terms of vaccination, the pace is still very slow. Its effects are expected to appear only by February.

Trading plan for EUR/USD on January 20. Reversal in the euro and possible retreat of COVID-19.

EUR / USD: The decline of the euro has halted. There is a high chance that the quotes will turn up soon.

Open short positions from 1.2050.

Analyst InstaForex
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