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10.07.202001:44 Forex Analysis & Reviews: Evening review for EUR/USD on 07/09/2020

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EUR/USD:

The US employment report for the week came out. The number of initial applications declined from 1.5 dollars to 1.3 million dollars, while the number of long-term unemployed declined to 18 million. The data is strong, and this has affected the euro.

As a result, seller's pressure has increased.

A range has formed today.

We are ready to buy from the level of 1.1370.

We are ready to sell from the level of 1.126.

So far, we hold purchases from 1.1245, stop and then flip down to the level of 1.1260.

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