FX.co ★ Evening review for EURUSD on 01/27/2020. The market is thinking about the epidemic

Until today, the market has not reacted strongly to the growth of diseases with an unknown type of flu in China (coronavirus). However, the fact that the number of infected people is growing, that the Chinese authorities are forced to take increasingly strong measures to close the message - is beginning to affect the market. So far, oil has reacted with a strong drop - the Chinese economy may suffer greatly, and China is a big buyer of oil.

The rest of the market is still waiting for new data on the epidemic.

The second story is the Fed's decision on rates on Wednesday, January 29. Will the Fed signal the possibility of a new rate cut?

EURUSD: the state of the market is a downward trend.

We sell from 1.1070.

In the case of a reversal, we buy from 1.1110.