The U.S. President hopes that the U.S. will be able to overcome the spread of COVID-19 in the country soon and not to reach the previously projected 100,000 deaths. Authorities in New York City, which was most affected state by virus, said on Sunday that for the first time in a week the mortality rate had dropped slightly. The number of jobs in the country's economy decreased in March for the first time since 2010 - by 710 thousand people, said the U.S. Labor Ministry on Friday. Unemployment in the country jumped to 4.4% from 3.5% in February.
EUR/USD, 30 min
Pivot: 1.0830
Analysis:
Provided that the currency pair is traded above 1.0780, follow the recommendations below:
The timeframe: 30 min
Recommendation: long position
Entry point: 1.0830
Take Profit 1: 1.0865
Take Profit 2: 1.0900
Alternative scenario:
In case of breakdown of the level 1.0780, follow the recommendations below:
The timeframe: 30 min
Recommendation: short position
Entry point: 1.0780
Take Profit 1: 1.0765
Take Profit 2: 1.0740
Comment:
RSI shows upward momentum.
Key levels:
Resistance
Support
1.0930
1.0780
1.0900
1.0765
1.0865
1.0740
EUR/USD, D1
Pivot: 1.0815
Analysis:
While the price is below 1.1030, follow the recommendations below:
Time frame: D1
Recommendation: short position
Entry point: 1.0815
Take Profit 1: 1.0630
Take Profit 2: 1.0490
Alternative scenario:
If the level 1.1030 is broken out, follow the recommendations below.
Time frame: D1
Recommendation: long position
Entry point: 1.1030
Take Profit 1: 1.1145
Take Profit 2: 1.1235
Comment:
RSI is indicating a further downward trend.
Key levels:
Resistance
Support
1.1230
1.0630
1.1145
1.0490
1.1030
1.0360
WHY TRADE WITH PAXFOREX?
We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on...
