04 August 2021, EUR/USD
EURUSD trading plan:
The labor market will take time to heal from the effects of the COVID-19 pandemic and more needs to be done for the U.S. economy to get fully back on track, Federal Reserve Governor Michelle Bowman said. The record number of job openings in May is a very promising sign that opportunities are increasing, and Fed think that development bodes well for both households and the country. Despite the encouraging pace of recent hiring, employment is still far below where it was. In June of this year, there were 6.8 million fewer jobs than there were in February 2020. Over 6 million people were either not working or working fewer hours in June because their employer had closed or lost business due to the pandemic. The Federal Reserve is continuing to print money. This is a negative factor for the U.S. currency.
Investment idea: buy 1.1860 and take profit 1.1915.
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