FX.co ★ Trading plan for EUR/USD on January 21

COVID-19 has not retreated yet. Yesterday, global incidence came close to all-time highs again.

Aside from that, the pace of vaccination is still slow. Clearly, manufacturers are struggling to keep up with supplies.

EUR/USD: Joe Biden's inauguration went smoothly.

Now, the markets are waiting for the results of the ECB meeting, as well as the latest US employment report.

Open long positions from 1.2160.

Open short positions from 1.2050.