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Good statistics from the United States

Good statistics from the United States | 19 May 2021

19 May 2021, EUR/USD

EURUSD trading plan:

The service sector in the New York region saw business activity rise at a «record-setting pace» in early May, according to a survey of business leaders released by the Federal Reserve Bank of New York. «Just over half of respondents reported that conditions improved over the month, while 12% said that conditions worsened, » according to the report. The New York area was hit hard by closures, reduced travel and the shift to remote working during the pandemic but the report showed that conditions are improving as the economy recovers. Good statistics from the United States will have a positive impact on the value of the dollar.

Investment idea: sell 1.2250 and take profit 1.2209.

David Johnson
Analyst of «FreshForex» company
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