FX.co ★ Evening review on October 8, 2020

The US weekly unemployment claims remain high. According to the report from the US Department of Labor, there are about 840,000 applications last week.

Despite the still poor data, it is important that the number of long-term unemployed has decreased by almost 800,000. That is from 11.8 million to 11 million.

However, there is no reaction to the strengthening of the dollar.

EUR/USD:

You may keep buying from 1.1685, with a stop at 1.1720.

Prepare to buy from 1.1785. Sell from 1.1720.

We continue to observe.