EUR/USD
Important data from the US:
Unemployment Report: +220K New Weekly Jobless Claims.
The US labor market is still strong even as fears of a recession loom.
US Housing Starts: 1.425 million, slightly below estimates of 1.411 million.
The Philadelphia Fed Manufacturing Index fell sharply to -19.
Conclusion: the euro seems to be ready for a significant drop, which makes it possible to go short from daily highs.
