Morning review of EUR/USD pair on January 26, 2021
EUR/USD pair in the four-hour time frame (H4 TF):
The correct level for entering down the euro was formed at the level of 1.2112 in the morning.
In this case, we will consider selling once the level of 1.2112 is broken, and then take buy stops at the same point, which means make a reversal.
Buying deals, in turn, can be done from the level of 1.2190.
In terms of news background, the single European currency awaits the decision of the Fed on Wednesday, as well as the statistics on US GDP and employment on Thursday.
The material has been provided by InstaForex Company – www.instaforex.com