Back
2 Sep 2015
EUR/USD muted post-ADP
FXStreet (Edinburgh) - The common currency remained apathetic on Wednesday vs. the dollar, with EUR/USD trading in range around 1.1260.
EUR/USD still soft after ADP
The pair remains on the defensive camp following the ADP Employment Report figures, showing that the US private sector added 190K jobs during August vs. 201K initially forecasted and up from July’s 177K (revised from 185K). The dollar is thus keeping its buoyant tone, as market participants are factoring in the likeliness that the Federal Reserve could hike rates at this month’s meeting.
EUR/USD key levels
At the moment the pair is losing 0.53% at 1.1254 with the immediate support at 1.1242 (low Sep.2) followed by 1.1207 (low Sep.1) and then 1.1170 (low Aug.31). On the other hand, a break above 1.1320 (high Sep.2) would open the door to 1.1333 (high Sep.1) and finally 1.1364 (high Aug.27).
EUR/USD still soft after ADP
The pair remains on the defensive camp following the ADP Employment Report figures, showing that the US private sector added 190K jobs during August vs. 201K initially forecasted and up from July’s 177K (revised from 185K). The dollar is thus keeping its buoyant tone, as market participants are factoring in the likeliness that the Federal Reserve could hike rates at this month’s meeting.
EUR/USD key levels
At the moment the pair is losing 0.53% at 1.1254 with the immediate support at 1.1242 (low Sep.2) followed by 1.1207 (low Sep.1) and then 1.1170 (low Aug.31). On the other hand, a break above 1.1320 (high Sep.2) would open the door to 1.1333 (high Sep.1) and finally 1.1364 (high Aug.27).