10 февраля 2020, EUR/USD
EURUSD trading plan:
Positive macroeconomic statistics from the United States will have a negative impact on the value of the Euro. Nonfarm payrolls for the month rose by 225,000, up from a rise of 145,000 in December. This was well ahead of the expected 165,000, according to economists’ forecasts. Average hourly earnings, a measure of wage inflation, rose 0.2% in January, and were up 3.1% year on year. This was well ahead of the expected 3%, according to economists’ forecasts. A positive release on the labor market signals economic growth.
Trading recommendation: Sell 1.0965 and take profit 1.0941
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