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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 11 May 2020

11 May 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 the euro. Millions of U.S. residents were counted as employed in April despite having no job, suggesting April's true unemployment rate was closer to 20%, much higher than the official 14.7% reported, the Labor Department said. "The large increase in the want a job category reflects the impact of the pandemic on the job market, as mandatory business closures, stay-at-home orders, and concerns about the COVID-19 kept many individuals from engaging in labor market activity in April," the Labor Department said.

Trading recommendation: Buy 1.0825 and take profit 1.0860.

David Johnson
Analyst of «FreshForex» company
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