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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 09 Noviembre 2020

09 Noviembre 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

David Johnson
Analyst of «FreshForex» company
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