How will the dollar react to Trump's inauguration?.
The euro/dollar rally has been going on for several months now, the dollar exchange rate is quite unstable, Forex trend changes literally in minutes.
But it is precisely this fact that helps many traders earn money on short-term euro/dollar trades.
One of the reasons for the sharp jumps in the exchange rate is news from the United States, namely about the political situation within the country, one of the most significant events will take place today.
The inauguration of the new President of the United States of America is scheduled to take place today at 17:30 Moscow time.
The event itself is unlikely to affect the US dollar exchange rate, but the mass demonstrations planned for that day could definitely lead to a weakening of the dollar.
It is difficult to predict what such protests will lead to, but it could definitely cause a sharp decline in the value of the dollar.
Therefore, it makes sense to put pending orders to buy the EUR/USD pair above the 1.065 level, which will work if the dollar exchange rate drops sharply.
