Evening review on EUR/USD for May 21, 2020

By | May 21, 2020
InstaForex
Evening review on EUR/USD for May 21, 2020

Relevance up to 07:00 2020-05-22 UTC–5

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Today, the weekly unemployment report in the US came out and revealed that the number of unemployed already rose to 2.4 million people. This is stabilization at a high level. This is about 20% and by far the highest unemployment rate since the 1930s.

Such a huge negative should sooner or later break the growth of the US market.

EURUSD:

The euro is trying to break through the level of 1.1020. If it ends up successfully and consolidates above, the path will open at 1.1400.

You may consider purchases from 1.0855.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Sam Alan,
Analytical expert
InstaForex Group © 2007-2020

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