FX.co ★ Evening review on EURUSD for May 28, 2020

The most anticipated report came out. According to the weekly US employment report, the number of new applications for benefits already rose to 2.1 million. But at the same time, the number of those receiving benefits for more than a week has decreased significantly, from 25 million a week earlier to 21 million. This is a signal that the economic decline may have reached the bottom.

EURUSD:

You may hold purchases from 1.0855. Wait for a break above 1.1020 and movement at 1.1100.

In case of a downward sell, you may consider selling from 1.0870.