03 July 2020, EUR/USD
EURUSD trading plan:
Positive macroeconomic statistics from the United States will have a negative impact on the value of the euro. The U.S. Labor Department said nonfarm payrolls rose by an estimated 4.800 million in the month to mid-June, compared to an average forecast ahead of time of 3.000 million. Over 3 million of the 4.8 million jobs added were in the retail, leisure and hospitality sectors. The U.S. economy created jobs at a record clip in June as more restaurants and bars reopened. The data also showed the unemployment rate falling to 11.1% from 13.3% in May. This is a positive signal for the American economy!
Trading recommendation: Sell 1.1250 and take profit 1.1225.
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