19 January 2021, EUR/USD
EURUSD trading plan:
Gold was up in Asia, climbing back up from the one-and-a-half-month low seen during the previous session, as hopes for further stimulus measures to boost economic recovery from COVID-19 countered a firmer dollar. Traders await comments from Secretary of the Treasury nominee Janet Yellen, on U.S. stimulus measures and the dollar during her Senate confirmation hearing later in the day. Yellen is reportedly expected to affirm the U.S.' commitment to market-determined exchange rates and indicates that the country doesn’t seek a weaker dollar for competitive advantage. This is a positive signal for gold and the euro, as the assets are correlated with each other.
Investment idea: Buy 1.2080 and take profit 1.2130.
One of the highest demand products in FreshForex is invest-portfolios. Invest-portfolio is an optimal tool for both beginners and experienced traders due to its high efficiency and low work efforts.
This is the fifth portfolio developed by FreshForex specialists. In 2020, we proposed traders four investment portfolios, each of which demonstrated positive results. The total return was 71.5%.
2 steps to get the Invest-portfolio:
1. Fund your trading account with $50 or more from January 18 to 29, 2021.
2. Send a request to school@freshforex.com with your account number funded.