FX.co - Evening review of EUR/USD on January 25, 2021

25 January 2021 at 2:07PM (UTC+0)

Relevance until26 January 2021 at 1:59PM (UTC+0)

EUR/USD, H4 chart

The euro is waiting for important news from the US: on Wednesday - the Fed, on Thursday - the employment report.

It is clear that the Fed will not tighten policy for a very long time, however, assessing the economic situation in the US is important.

Buy from 1.2190 upon breakdown.

Sell from 1.2075.

*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 ★ Evening review of EUR/USD on January 25, 2021