EURUSD:
The euro is falling, the dollar is strengthening on the negative side of the economy.
In a situation of a fast-growing economic crisis, the main indicators are very late, and the market begins to respond to news that no one has reacted to for many years which is the weekly report on US employment. This is now the most important indicator at present.
It is important for the market when the sharp rise in unemployment in the USA will stop and at what level.
The update and released report on May 14 indicated a 2.98 million new applications for unemployment benefits.
This is above the forecast and almost at the level of the previous value (3.176 million). The long-term unemployment is already at 22.8 million.
I will express this thought: perhaps the United States did not need to go along the path of distributing money to all people, rather just go along the path of Europe, where the state subsidized 70%-80% of salaries to businesses so that people would not lose touch with work and unemployment would not become stagnant.
EURUSD:
You may consider sales from 1.0825.
Consider purchases from 1.0900.
