Positive macroeconomic statistics from the United States | 09 نوفمبر 2020

09 نوفمبر 2020, EUR/USD

EURUSD trading plan:

Positive macroeconomic statistics from the United States will have a negative impact on the value of EURUSD. Nonfarm payrolls increased by 638,000 jobs last month. Traders had forecast payrolls advancing by 600,000 jobs in October. A 271,000 increase in leisure and hospitality jobs accounted for about two-fifths of the payrolls gain last month. A 271,000 increase in leisure and hospitality jobs accounted for about two-fifths of the payrolls gain last month. Employment in professional and business services increased by 208,000. The unemployment rate fell to 6.9% from 7.9% in September.

Trading recommendation: Sell 1.1900 and take profit 1.1875


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
David Johnson
Analyst of «FreshForex» company
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