FX.co ★ Trading plan for EUR/USD on January 26. COVID-19 seems to be retreating.

COVID-19 seems to be retreating. For the second day, the number of new cases have dropped both globally and in the US. However, this may also be because a significant part of the population has already been ill, which reduces the prevalence of the disease.

With regards to vaccinations, the pace is still slow, so let's hope that vaccine production will soon increase.

EUR/USD: euro is consolidating in anticipation of the upcoming Fed decisions.

Open long positions from 1.2190.

Open short positions from 1.2075.