Evening review on EURUSD for June 05, 2020

Exchange Rates 05.06.2020 analysis

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

Spread the love

Related Articles

Leave a Reply

%d bloggers like this:

Our website uses cookies and thereby collects information about your visit to improve our website (by analyzing), show you Social Media content and relevant advertisements. Please see our cookies page for furher details or agree by clicking the 'Accept' button.