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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 01 April 2021

01 April 2021, EUR/USD

EURUSD trading plan:

U.S. private employers hired the most workers in six months in March as more Americans got vaccinated against COVID-19, pushing the economy towards a broader reopening. The labor market and economy are also being supported by the White House’s massive $1.9 trillion pandemic relief package. Private payrolls surged by 517,000 jobs this month after rising 176,000 in February. The number of Americans filing new claims for unemployment benefits has dropped to the lowest level since the start of the COVID-19 pandemic in March 2020. Positive macroeconomic statistics from the United States will have a negative impact on the value of the euro.

Investment idea: sell 1.1735 and take profit 1.1703.

David Johnson
Analyst of «FreshForex» company
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