China Non-manufacturing PMI down to 54.5 in Feb from 56.2

One month and 745 pips later, the EUR/USD has been brought to earth from the February 1st high at 1.3710 to Friday March 1st bottom at 1.2965. However, the euro managed to recover some ground and following the US President Barack Obama speech on 'sequester', the pair has closed above the 1.3000 key level. Is time for bears now? Let see...