Evening review for EURUSD on 01/28/2020. Virus in the spotlight

By | January 28, 2020
Evening review for EURUSD on 01/28/2020

Relevance up to 05:00 2020-01-29 UTC–8


The outbreak of a new type of flu in China remains in the spotlight of the world’s main media and markets: there is a real chance that it will not be possible to limit the spread and China will plunge into a large-scale epidemic.

Against this background, the Fed meeting tomorrow, January 29, takes a back seat.

EURUSD: sellers’ pressure continues – new lows.

We keep sales from 1.1084.

Sales are possible in the case of rebounds to the top – from 1.1050 or higher.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Sam Alan,
Analytical expert
InstaForex Group © 2007-2020

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