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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 12 April 2019

12 April 2019, EUR/USD

EURUSD trading plan:

Positive macroeconomic statistics from the United States will have a positive impact on the value of the dollar. The number of people who filed for unemployment assistance in the U.S. fell by 8,000 last week to a seasonally adjusted 196,000, the U.S. Department of Labor said. It was the lowest level since Oct. 4 1969, when claims totaled 193,000. We got good news on U.S. inflation this week. This process points to the strength of the American economy! Gold prices are falling rapidly - this is a bad signal for the Euro, as there is a direct correlation between the instruments.

Trading recommendation: Sell 1.1295 and take profit 1.1250.

David Johnson
Analyst of «FreshForex» company
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