FX.co ★ Trading plan for EUR/USD on January 20. Reversal in the euro and possible retreat of COVID-19.

COVID-19 incidence declined again yesterday (both global and in the US), which suggests that the pandemic could be retreating already. The decrease was very noticeable relative to the all-time highs recorded during the second pandemic wave.

In terms of vaccination, the pace is still very slow. Its effects are expected to appear only by February.

EUR / USD: The decline of the euro has halted. There is a high chance that the quotes will turn up soon.

Open short positions from 1.2050.