6 May 2015
EUR/USD tests highs on ADP
FXStreet (Edinburgh) - EUR/USD advanced to the proximity of 1.1270 on Wednesday following the results from the ADP report.
EUR/USD stronger post report
The pair is trading on a firmer tone after the ADP Employment Change missed expectations last month, with the US private sector creating 169K jobs, lower than the 200K initially expected and even below February’s 175K (revised lower from 189K).
Spot is now trading closer to the critical up barrier at 1.1290/1.1300, again bolstered by softer releases in the US calendar.
EUR/USD relevant levels
The pair is advancing 0.79% at 1.1275 with the next resistance at 1.1291 (high May 1) ahead of 1.1300 (psychological level) and then 1.1380 (high Feb.26). On the flip side, a breakdown of 1.1175 (low May 6) would aim for 1.1066 (low May 5) and finally 1.0959 (low Apr.29).
EUR/USD stronger post report
The pair is trading on a firmer tone after the ADP Employment Change missed expectations last month, with the US private sector creating 169K jobs, lower than the 200K initially expected and even below February’s 175K (revised lower from 189K).
Spot is now trading closer to the critical up barrier at 1.1290/1.1300, again bolstered by softer releases in the US calendar.
EUR/USD relevant levels
The pair is advancing 0.79% at 1.1275 with the next resistance at 1.1291 (high May 1) ahead of 1.1300 (psychological level) and then 1.1380 (high Feb.26). On the flip side, a breakdown of 1.1175 (low May 6) would aim for 1.1066 (low May 5) and finally 1.0959 (low Apr.29).