FX.co ★ Evening review on EURUSD for June 18, 2020

The number of applications for benefits in the US for the week reached 1.5 million which is at the same level as the previous week.

Meanwhile, there is no significant improvement in the long-term unemployment which is at 20.6 million. However, a very strong Philadelphia business activity index came out with a 27.5 contrary to the forecast of -32.

During his speech, Fed Chairman Jerome Powell spoke out against premature curtailment of support for citizens and businesses.

EURUSD:

Prepare to buy from 1.1270.

Sell from 1.1205.

We are waiting for significant movements.