Good and bad news for the euro | 10 سبتمبر 2019

EURUSD trading plan:

Good and bad news for the euro. The good news is negative macroeconomic statistics from the United States. U.S. job growth slowed more than expected. Nonfarm payrolls 130000 in August reported the Labor Department. The unemployment rate remained steady at 3.7%. The traders were expecting payrolls to have risen 160000. This is event forces the Federal Reserve to cut interest rates. This is a negative signal for the U.S. dollar! Negative news for the euro is the decline in the value of gold. Investors are increasing their short positions on the precious metal. Bullish rally in stock markets negatively affects the value of gold.

Trading recommendation: range 1.0995 -1.1075