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EUR/USD Signal - US Nonfarm Payrolls - 01 Nov 2019

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Average: 5 (3 votes)

EURUSD is trading near 1.1150 level ahead of the all-important Nonfarm Payrolls. The US jobs data doesn't look good with less jobs added in October. The unemployment rate is expected to increase by 0.1%. The key numbers will be the Average Hourly Earnings. The U.S. dollar may face a strong selling pressure if the wage growth numbers print below the expectations.

eurusd signal 01 nov 2019

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.