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Negative signal for the Euro!

Negative signal for the Euro! | 08 Abril 2019

08 Abril 2019, EUR/USD

EURUSD trading plan:

The United States pleased traders with positive macroeconomic statistics on the labor market for March. U.S. employment growth accelerated from a 17-month low. The length of the average workweek rose to 34.5 hours from 34.4 hours in February. The unemployment rate was unchanged at 3.8 percent in March, close to the 3.7 percent that Fed officials project it will be by the end of the year. Statistics indicate good GDP growth. The U.S. currency is rising in price to the currencies of emerging markets - this is a negative signal for the Euro!

Trading recommendation: Sell 1.1245 and take profit 1.1215.

David Johnson
Analyst of «FreshForex» company
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