Negative macroeconomic statistics from the United States | 04 December 2020

04 December 2020, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro. U.S. services industry activity slowed to a six-month low in November amid widespread restrictions on businesses to control surging COVID-19 infections. The Institute for Supply Management said its non-manufacturing activity index fell to a reading 55.9 last month. The United States is engulfed in a fresh wave of COVID-19 infections, with 4.2 million new cases and more than 35,000 coronavirus-related deaths reported in November.

Investment idea: Buy 1.2135 and take profit 1.2175.

David Johnson
Analyst of «FreshForex» company
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