06 September 2021, EUR/USD
EURUSD trading plan:
The U.S. economy created the fewest jobs in seven months in August as hiring in the leisure and hospitality sector stalled amid resurgence in COVID-19 infections. The survey of establishments showed nonfarm payrolls increased by 235,000 jobs last month. Data for July was revised up to show a whopping 1.053 million jobs created instead of the previously reported 943,000. Though the Delta variant here was the biggest drag, fading fiscal stimulus was probably another factor. The response rate to the survey is lower in August and the pandemic has made it harder to adjust education employment for seasonal fluctuations. This is a negative signal for the dollar!
Investment idea: buy 1.1855 and take profit 1.1905.
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