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FX.co ★ Morning review for EUR/USD on January 29, 2021

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Forex Analysis:::2021-01-29T07:49:53

Morning review for EUR/USD on January 29, 2021

Morning review for EUR/USD on January 29, 2021

EUR/USD :

The euro/dollar pair is considering consolidation and entering new levels.

However, it could not decide on the direction of the important data on the United States.

What was published in the economic calendar? Here's the following:

1. The Fed's decision to continue pouring liquidity into the markets at a rate of $ 120 billion per month.

2. GDP in the United States for the fourth quarter (Q4) was at + 4%, which is great.

3. US unemployment data – unemployment declined by about 300 thousand, that is, below 5 million.

Trading recommendations:

It is recommended to buy once the level of 1.2150 is broken, then stop at the level of 1.2105.

So far, we keep sales from 1.2105, but an upward reversal is not excluded from this point.

Analyst InstaForex
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