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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 06 September 2019

06 September 2019, EUR/USD

Positive macroeconomic statistics from the United States

EURUSD trading plan:

Positive macroeconomic statistics from the United States will have a negative impact on the value of the euro. The Institute for Supply Management said its non-manufacturing activity index increased to a reading of 56.4 in August from 53.7 in July. The ISM said 16 service industries, including retail trade, utilities and public administration, reported growth last month. Wholesale trade was the only industry reporting a decrease in growth. U.S. services sector activity accelerated in August and private employers boosted hiring, suggesting the economy continued to grow at a moderate pace.

Trading recommendation: Sell 1.1060 and take profit 1.1010.

David Johnson
Analyst of «FreshForex» company
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