In the new week, the market will receive a package of important data:
Wednesday, January 29 - the Fed's decision on rates.
Thursday, January 30 - the first report on US GDP for the 4th quarter.
Friday, January 31 - new data on income/expenses and inflation.
All these data can either strengthen the movement of EUR/USD downwards, or stop and reverse it.
EUR/USD: Euro opened the week in a "downward" state - the decline began after the ECB meeting.
Sell: From 1.1070.
In case of a reversal, buy on the break through of 1.1110.
The material has been provided by InstaForex Company - www.instaforex.com