Negative macroeconomic statistics from the United States | 05 December 2019

05 December 2019, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

We are expecting a bullish rally today. Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro. The Institute for Supply Management said its non-manufacturing activity index fell to a reading of 53.9 last month from 54.7 in October. U.S. services sector activity slowed in November as lingering concerns about trade tensions and worker shortages pushed production to its lowest level in a decade. Private employers added only 67,000 jobs in November, the ADP National Employment report showed on Wednesday. It was the smallest monthly gain since May when just 46,000 jobs were created, the fewest since 2010.

Trading recommendation: Buy 1.1085 and take profit 1.1115.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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