1 Jul 2015
EUR/USD weaker post-ADP
FXStreet (Edinburgh) - The common currency is now intensifying its daily decline, dragging EUR/USD below the 1.1100 handle.
EUR/USD dips to lows on ADP
The pair shed further ground after the ADP report showed the US private sector added 237K jobs during the last month, bettering expectations at 218K and up from May’s 203K (revised from 201K).
The positive reading adds to expectations of a positive Non-farm Payrolls to be released tomorrow, which could boost the greenback and increase the likeliness of a Fed’s lift-off in September.
EUR/USD levels to consider
The pair is now retreating 0.50% at 1.1082 and a breach of 1.1049 (low Jun.5) would open the door to 1.1000 (psychological level) and then 1.0955 (low Jun.29). On the flip side, the initial up barrier aligns at 1.1234 (high Jun.24) followed by 1.1244 (high Jun.30) and finally 1.1278 (high Jun.29).
EUR/USD dips to lows on ADP
The pair shed further ground after the ADP report showed the US private sector added 237K jobs during the last month, bettering expectations at 218K and up from May’s 203K (revised from 201K).
The positive reading adds to expectations of a positive Non-farm Payrolls to be released tomorrow, which could boost the greenback and increase the likeliness of a Fed’s lift-off in September.
EUR/USD levels to consider
The pair is now retreating 0.50% at 1.1082 and a breach of 1.1049 (low Jun.5) would open the door to 1.1000 (psychological level) and then 1.0955 (low Jun.29). On the flip side, the initial up barrier aligns at 1.1234 (high Jun.24) followed by 1.1244 (high Jun.30) and finally 1.1278 (high Jun.29).