FX.co - Trading plan for EUR/USD on January 12. Another decline in COVID-19 incidence. The euro may resume growing soon.

2021-01-12T06:30:31

Relevance until2021-01-13

Latest data suggests that COVID-19 is starting to retreat. Yesterday, global incidence has decreased again, especially in the US, UK and Europe.

At the same time, vaccination is active around the world. Its effects will be seen around February.

Trading plan for EUR/USD on January 12. Another decline in COVID-19 incidence. The euro may resume growing soon.

EUR/USD - growth is still possible in the euro.

Open long positions from the lows or from 1.2200.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Jozef Kovach

FX.co ★ Trading plan for EUR/USD on January 12. Another decline in COVID-19 incidence. The euro may resume growing soon.