Negative macroeconomic statistics from the United States | 11 Januari 2021

11 Januari 2021, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

The U.S. Bureau of Labor Statistics said nonfarm employment fell by 140,000 through the middle of the month, compared with expectations for an increase of 71,000. The carnage of lockdown measures was most evident in the hospitality sector, where 372,000 jobs were lost in bars and restaurants nationwide. Another 92,000 were lost in entertainment parks and casinos. That was partly offset by a boom in delivery services as the pandemic forced Christmas shoppers online. Around 37,000 jobs were created for messengers and couriers, while another 59,000 were created in warehouses and other wholesale centers. Negative macroeconomic statistics force investors to sell the dollar.

Investment idea: Buy 1.2166 and take profit 1.2211.

David Johnson
Analyst of «FreshForex» company
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