EURUSD – Up
EURUSD trading plan:
U.S. job growth is slowing, something Fed policymakers have anticipated as they raised borrowing costs. But the economy still added 236,000 jobs in March, and has averaged gains of 345,000 per month during the first quarter, well above the level the central bank sees as consistent with its 2% inflation goal. In a possible further sign of easing inflationary pressures, the pace of wage growth on a year-over-year basis declined to 4.2% in March, from 4.6% in the prior month, continuing a recent downward trend. The PCE price index was rising 5% annually as of February, or 4.6% when volatile food and energy prices were excluded, too high for the Fed’s liking and with improvement coming only slowly in recent months.
Investment idea: buy 1.0868 and take profit 1.0947.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
