FX.co ★ Trading plan for EUR/USD on January 5.

Although global incidence has declined, the situation is still pretty bad both in the US and the UK.

But on the bright side, vaccination is active in many countries. For example, after the weekend, the pace has accelerated in Europe.

In Israel, 14% of its population have been vaccinated already. However, since there are many new cases recorded (about 5,000 yesterday), the government might impose quarantine soon.

EUR / USD - the euro pulled back sharply yesterday, together with the US market.

Maintain long positions, but be ready to open shorts at 1.2210.