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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 24 April 2020

24 April 2020, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

Negative macroeconomic statistics from the United States will have a positive impact on the value of euro. The Commerce Department said new home sales fell 15.4% to a seasonally adjusted annual rate of 627,000 units last month. The percentage decline was the largest since July 2013. February's sales pace was revised down to 741,000 units from the previously reported 765,000 units. A record 26.5 million people have filed for unemployment benefits since March 21. States and local governments have issued "stay-at-home" or "shelter-in-place" orders affecting more than 90% of Americans to control the spread of COVID-19. This factor has a negative impact on the real estate market.

Trading recommendation: Buy 1.0730 and take profit 1.0785.

David Johnson
Analyst of «FreshForex» company
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