EURUSD – Up
EURUSD trading plan:
The number of Americans filing new claims for unemployment benefits unexpectedly feel last week, offering more evidence of the economy’s resilience despite tighter monetary policy. Unadjusted claims dropped 9,280 to 224,727 last week, reflecting a sharp decrease in applications in California. There were also significant declines in claims in Illinois and Pennsylvania, offsetting increases in Ohio and Michigan. Claims remain low despite high-profile layoffs in the technology sector and in interest-rate sensitive industries. Some of the laid-off workers are likely finding new work or are delaying filing for benefits because of severance packages.
Investment idea: sell 1.0660 and take profit 1.0600.
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