The US unemployment rate report for the month of April was released which are as follows:
- There are 20.5 million new unemployed;
- Unemployment rate surges to 14.7%.
As shown on the chart above, there can be no correct growth of the US market with such a trend. Thus, the US market can be sold.
You must understand that the trend is likely to remain negative in May.
EUR/USD: The euro is determined.
We consider buying from the level of 1.0855.