FX.co ★ Evening review of EUR/USD on January 28, 2021

EUR/USD daily chart

The US GDP for the 4th quarter grew at an annualized rate of 4%, which indicates very good data; deflator, on the other hand, gained 2% which is not bad either.

Meanwhile, the employment report showed that long-term unemployment fell to 4.77 million from 5.5 million, which is also not bad at all.

The euro went up. This indicates that the euro rather behaves as a kind of stock instrument: good for the US market - good for the euro.

At the moment, you may keep selling at 1.2105, stop at 1.2150.

Buy from 1.2180.