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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 05 Abril 2021

05 Abril 2021, EUR/USD

Positive macroeconomic statistics from the United States

EURUSD trading plan:

The U.S. economy added 916,000 jobs in March, more than economists’ forecast of 647,000, and the unemployment rate fell to 6.0% from the previous month’s 6.2%. The average workweek rose to 34.9 hours from 34.6 hours. The U.S. economy created the most jobs in seven months in March as more Americans got vaccinated and the government doled out additional pandemic relief money. The 10-year U.S. Treasury note rose 3.5 basis points to yield 1.72%. This is a positive signal for the dollar!

Investment idea: sell 1.1780 and take profit 1.1740.

David Johnson
Analyst of «FreshForex» company
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