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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 10 August 2021

10 August 2021, EUR/USD

Positive macroeconomic statistics from the United States

EURUSD trading plan:

Job openings, a measure of labor demand, shot up by 590,000 to 10.1 million on the last day of June, the U.S. Labor Department said in its monthly Job Openings and Labor Turnover Survey. Vacancies increased in all four regions and the job openings rate rose to 6.5% from 6.1%. Employers have struggled to quickly rehire workers to keep up with the speed from which the economy has emerged from the depths of the COVID-19 pandemic, which upended many businesses as restrictions and fears of the virus kept people home. The largest increases in vacancies in June were in professional and business services, retail trade and accommodation and food services.

Investment idea: sell 1.1770 and take profit 1.1720.

David Johnson
Analyst of «FreshForex» company
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