FX.co ★ Trading plan for the EUR/USD pair on December 29. COVID-19 infections increased after Christmas; Demand for the European currency continues to grow in the market.

Global COVID-19 incidence grew again after Christmas, reaching approximately + 10% of the record seen on the first day. However, there were significant declines in the past three days, therefore, the situation needs to be closely and carefully monitored before making any conclusion.

Nonetheless, the situation in the UK has turned very bad, as authorities have listed 41,000 new cases yesterday.

On the bright side, vaccinations are active in the US, UK and the EU.

Another good news is that a Brexit trade deal has been concluded, and Trump signed the US budget for 2021, including a $ 900 billion bailout bill.

Meanwhile, President-elect Joe Biden is preparing for his inauguration on January 21.

EUR/USD - bulls are still trying to raise the euro in the market. This is already their second attempt.

Open long positions from 1.2190.

Open short positions from 1.2130.

After a reversal, positions may be opened from 1.2180.