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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 08 June 2020

08 June 2020, 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 European currency. The survey of establishments showed nonfarm payrolls rose by 2.509 million jobs last month after a record plunge of 20.7 million in April. Investors had forecast payrolls falling by 8 million jobs. Employment in May was boosted by restaurants and bars, which added 1.4 million jobs after losing 6 million in April and March. Hiring in the construction industry increased by 464,000 jobs last month, recouping about half of April's decline.

Trading recommendation: Sell 1.1310 and take profit 1.1275.

David Johnson
Analyst of «FreshForex» company
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