31 Jul 2013
EUR/USD lower on better ADP
FXstreet.com (Edinburgh) -The EUR/USD is now back to the negative ground after the US ADP report exceeded estimates during July.
EUR/USD vs. US GDP, FOMC
The US private sector added 200K jobs In July, a tad better than June’s 198K (revised up from 188K). Next on tap in the US docket will be the Annualized GDP figures during the second quarter and the inflation figures gauged by the PCE during the same period. Prior surveys expect the economic activity to have expanded 1.2% and prices to increase 1.6% inter-quarter.
EUR/USD key levels
The pair is now losing 0.12% at 1.3246 with the next support at 1.3234 (low Jul.30) ahead of 1.3208 (high Jul.11) and then 1.3200 (psychological level). On the other hand, a break above 1.3302 (high Jul.20/30) would aim for 1.3325 (low. Jun.18) and then 1.3417 (high Jun.19).
EUR/USD vs. US GDP, FOMC
The US private sector added 200K jobs In July, a tad better than June’s 198K (revised up from 188K). Next on tap in the US docket will be the Annualized GDP figures during the second quarter and the inflation figures gauged by the PCE during the same period. Prior surveys expect the economic activity to have expanded 1.2% and prices to increase 1.6% inter-quarter.
EUR/USD key levels
The pair is now losing 0.12% at 1.3246 with the next support at 1.3234 (low Jul.30) ahead of 1.3208 (high Jul.11) and then 1.3200 (psychological level). On the other hand, a break above 1.3302 (high Jul.20/30) would aim for 1.3325 (low. Jun.18) and then 1.3417 (high Jun.19).