Trading plan on EUR/USD for January 15, 2020. The markets are waiting for the US-China trade agreement


On Tuesday, the report on inflation in the United States was released. Retail inflation remained at the same level of +0.2% month-on-month, whereas the core inflation fell to +0.1%.

This data, however, did not bring clarity to the market.

EUR/USD: Euro pushed down all day, but by evening, it managed to bounce back strongly from 1.1100.

Uncertainty persists.

The market is waiting for the signing of the first phase of the US-China trade agreement, however, at the same time, there is news of new disputes on US and China. The Trump administration said that it will not reduce duties on goods from China until at least November this year.

EUR/USD: Wait for an exit from the range.

Buy at the break through of 1.1205 up.

Sell at the break of 1.1085 down.

The material has been provided by InstaForex Company -