The labor market statistics released on Friday did not bring any surprises. Private sector employment is growing, but not at such a pace that all investors are worried about the withdrawal of Fed stimulus. And where does the high rate of employment growth come from if many Americans receive unemployment benefits that exceed their salaries at their previous jobs.

Joe Biden’s anti-crisis program, launched in March this year, on the one hand, improved the situation in the economy, and on the other hand, contributed to the persistence of parasitism among a certain part of the population of the United States. I expect that the uptrend in the euro will continue and I look forward to the renewal of the last week’s maximum.

Trading recommendation: Buy 1.2150/1.2125 and take profit 1.2220.