Evening review on EURUSD for June 01, 2020

The ISM Industrial Index for May came out at 43.1, as what forecasts expected. This is not bad for the current situation, and it is in fact better than the 41.5 in April.

Construction costs fell by -2.9% which is much better than the -6% forecast.

On the whole, the news is positive amid the crisis situation. Next, we wait for the main news which is the unemployment forecast expected on Wednesday-Friday.

EURUSD:

The pair is moving in an upward trend.

Aggressive – buy from 1.1155 upon the breakdown.

Conservative – buy in case of a pullback from 1.1060 and below.

Source: Evening review on EURUSD for June 01, 2020

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