FX.co ★ Evening review of EUR/USD for January 20, 2021

EURUSD

The euro awaits the news of the ECB's meeting and the employment report on Thursday.

The ECB is not expected to raise rates. There is no reason to change the ultra-loose monetary policy as Europe continues to struggle amid the second wave of the coronavirus pandemic. Large countries such as Germany, Italy, and France are forced to tighten quarantine measures.

Moreover, the inauguration of US President-elect Joe Biden on Wednesday may also affect this matter.

Buy from 1.2160.

Sell from 1.2050.