Recently, the EUR/USD has been under extreme pressure from both currencies. On the one hand, weak macroeconomic statistics of the eurozone did not allow the pair to stay above annual lows in the region of 1.09, and against the backdrop of a strengthening US dollar, the pair declined to 1.08700.
However, there was an interesting USD event that pushed the pair out of the abyss yesterday.
Let me remind you that yesterday at 14:00 Universal time, an important indicator came out - the index of business activity in the manufacturing sector, which was much lower than the forecast. The indicator fell to 10-year lows and stopped at 47.8 with a forecast of 50.5. This is a very big difference, which allowed news traders to enter the market and play huge volumes against the dollar. Thus, yesterday, the EUR/USD pair closed on a positive note. In this regard, I propose a trading idea related to the continued growth of the pair, which was actually in the third wave from yesterday's news. I recommend that you choose the time for trading either the first 2 hours from the opening of Europe, or at the American session with the first goal - update 1.09600.
I remind you that news will be released this week. Be careful when holding positions on Friday - unemployment in the United States.
