Evening review of EUR/USD on November 19,2020. US revels strong macroeconomic data

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Evening review of EUR/USD on November 19,2020. US revels strong macroeconomic data

Evening review of EUR/USD on November 19,2020. US revels strong macroeconomic data

Evening review of EUR/USD on November 19,2020. US revels strong macroeconomic data

EUR/USD

In the US, the number of unemployed people dropped by 400 thousand to 6.37 million from 6.79 million in the previous period. This could be called a rapid labor market recovery. However, in the previous months, the recovery pace was higher.

As we can see on the trading chart, the euro is hovering below the yesterday’s low.

Sell positions could be opened from 1.1849. However, the price may change its direction hitting the 1.1895 level.

The material has been provided by InstaForex Company – www.instaforex.com

Source : https://www.fx.co/forex_analysis/quickview/264367/