Evening review on EURUSD for June 05, 2020

Nonfarm unemployment in the USA added another 2.5 million for the month of May, this is smaller than what was expected in the forecast which is 9 million.

Moreover, the data showed the decline of the euro, marginally. Nevertheless, the euro’s upside remains strong.

Also, there is a possibility that the euro may recover and reach the level of 1.1500.

You may open purchases at the current position and a more conservative purchase after a strong pullback to the area of 1.1200.

Source: Evening review on EURUSD for June 05, 2020

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