20 Januari 2021, EUR/USD
EURUSD trading plan:
The ECB has published fresh statistics on the change in assets on the balance sheet. The indicator increased by €30.9 billion in a week, against of €5.38 billion a week earlier. An increase in the money supply in Europe will have a negative impact on the value of the euro. Meanwhile, Yellen urged Congress to “act big” on COVID- 19 relief and not worry too much about debt during her Senate confirmation hearing before the Senate Finance Committee on Tuesday. The new anti-crisis program in the United States $1.9 trillion package will have a negative impact on the value of the dollar.
Investment idea: range 1.2120 -1.2188.
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