How to trade EUR/USD on April 6. Simple trading tips and analy | INVESTER MINER🇺🇸📊
How to trade EUR/USD on April 6. Simple trading tips and analysis for beginners
EUR/USD finally edged down on Wednesday. However, the 70-pip movement can hardly be considered a "correction" or "end of trend". More likely, it's just a small pullback. Yes, the bulls also need a rest sometimes. In general, the pair maintains the uptrend after it settled below the uptrend line. Such an interpretation sounds great. But that is the reality at the moment. On Wednesday, the most interesting thing was there were quite a lot of macro data. For instance, the EU and US released services PMIs (and there was also an ISM report in the US). It also released an ADP report, which is considered by many people as an analogue of the NonFarm Payrolls. And the two most important reports of the day (ISM and ADP) were disappointing. ADP was only 145,000 with a forecast of 200,000 and ISM was down to 51.2 with a forecast of 54-54.5. Therefore, the dollar was not supposed to strengthen!!!! But we are already used to the fact that there is no logic in the movements now, and the market does not pay attention to the macroeconomic background at all.
