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EURUSD
A strong Non-Farm Payrolls report of +223,000 was released on Friday.
At the same time, the unemployment rate unexpectedly fell to 3.5%, which is good for the economy.
However, a very weak ISM service report was released - the index fell sharply to 49.6 from 56.5 a month earlier - values below 50 indicate recession.
At the same time, the factory orders data came out and orders dropped 1.8%.
As a result, the market decided that the Federal Reserve would have good reason to hesitate to raise the rates.
The euro rose sharply.
However, I still believe that you should start selling the euro from the highs of December.
