FX.co ★ EUR/USD recoups losses amid weak US labor market report. Trading idea for February 18, 2021

EUR/USD

According to the data provided by the US Labor Department, the number of the first-time unemployment claims increased by 860,000 from 700,000 in the previous week.

At the same time, the number of continuous claims remained unchanged.

Notably, all previous macroeconomic reports from the US that have been published this week, including business activity and retail sales, are really strong.

Sell positions could be opened from 1.2080, Stop Loss is at 1.2125.

Sell positions could be opened at the level of 1.2170.