FX.co ★ Evening review on July 23, 2020

The EURUSD pair is correcting within the upward trend.

The US unemployment report for the week was released on Thursday with about 1.4 million applications for jobless benefits. Moreover, the long-term unemployment in the United States has stalled at about 17.3 million and has ceased to recover quickly.

Accordingly, when the US market is down, the dollar grows.

Gold:

The gold is continuously trading in an upward trend. And if you've participated, it is time to leave. But, if you haven't, mind that now is not the time to buy. You may consider selling once you enter the top.