03.01.202010:50 Forex Analysis & Reviews: Trading plan on EUR/USD for January 3, 2020

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According to media reports, a prominent Iranian General was killed in Baghdad by US forces during an operation. According to unofficial information, this operation was authorized by Trump - the United States strongly opposes Iran's actions in Iraq and Syria. Trump did not voice any messages, but tweeted the US flag after the operation. Meanwhile, Iran's top leader has promised retaliation.

Consequently, markets reacted nervously. Oil increased by 4% to $70 while gold rose to $1,543. Euro, on the contrary, continued to decline. Futures in the S&P500 fell after a new historic high on January 2.

EUR/USD: Despite the second day of decline, euro is still within the correction.

You can buy from 1.1145 and below.

Cancellation of the growth trend is below 1.1100.

Sell from 1.1065.

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