FX.co - Evening review for EURUSD on 02/07/2020

2020-02-07T13:47:35

Relevance until2020-02-08

US employment data for January:

New jobs +225K (above forecasts).

In the private sector +206 K.

The unemployment rate is 3.6% (was 3.5%).

The data is in favor of the dollar, but the euro is not falling.

We keep sales from 1.0990, stop at 1.1035.

We look at the closing prices of the hour and day.

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

Analytical expert

Jozef Kovach

FX.co ★ Evening review for EURUSD on 02/07/2020