Positive macroeconomic statistics from the United States | 08 Junio 2020
08 Junio 2020, EUR/USD
EURUSD trading plan:
Positive macroeconomic statistics from the United States will have a negative impact on the value of the European currency. The survey of establishments showed nonfarm payrolls rose by 2.509 million jobs last month after a record plunge of 20.7 million in April. Investors had forecast payrolls falling by 8 million jobs. Employment in May was boosted by restaurants and bars, which added 1.4 million jobs after losing 6 million in April and March. Hiring in the construction industry increased by 464,000 jobs last month, recouping about half of April's decline.
Trading recommendation: Sell 1.1310 and take profit 1.1275.
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.
