Negative macroeconomic statistics from the United States | 13 Januari 2020

EURUSD trading plan:

We are expecting an uptrend to develop. Negative macroeconomic statistics from the United States will have a positive impact on the value of the European currency. Nonfarm payrolls rose 145,000 in December, compared with expectations for a rise of 164,000 according to traders. The unemployment rate remained steady at 3.5%, as predicted. Average hourly earnings rose 0.1% for the month, versus expectations for a 0.3% rise. This is a negative release for the Federal Reserve. Weak macroeconomic statistics force the Central Bank to keep the discount rate at the current level of 1.625%. This is a negative signal for the U.S. currency!

Trading recommendation: Buy 1.1115 and take profit 1.1150.