FX.co ★ Trading plan for EUR/USD and GBP/USD on January 23

Risk appetite will likely decrease due to the empty macroeconomic calendar and the upcoming meeting of the Governing Council of the European Central Bank. There may be moderate fluctuations, but the quotes will remain at the current levels.

EUR/USD halted its decline around 1.0850. After that, it fluctuated within the range of 1.0850/1.0900. A stabilization or breakdown of prices will determine the subsequent speculative mood of market players.

GBP/USD continues to move within the range of 1.2600/1.2800. Currently, it trades at the upper area of the flat, showing particular interest in the middle level of 1.2700.