30 Sep 2015
EUR/USD drops further on ADP
FXStreet (Edinburgh) - The European currency is intensifying its daily decline vs. the greenback, with EUR/USD now breaking below the 1.1200 handle.
EUR/USD softer post-ADP
The pair has broken below the 1.1200 critical support after the ADP report showed the US private sector has added 200K jobs during September, surpassing consensus at 195K and up from August’s 186K (revised from 190K).
The bearish tone keeps growing bigger around EUR ahead of the upcoming speech by Chairwoman J.Yellen. Data wise in Euroland, consumer prices came in on the softer side, contracting 0.1% on a year to September.
EUR/USD levels to watch
As of writing the pair is losing 0.46% at 1.1196 and a breakdown of 1.1146 (low Sep.28) would expose 1.1105 (low Sep.23). On the other hand, the initial resistance aligns at 1.1281 (high Sep.29) followed by 1.1296 (high Sep.24) and finally 1.1330 (high Sep.21).
EUR/USD softer post-ADP
The pair has broken below the 1.1200 critical support after the ADP report showed the US private sector has added 200K jobs during September, surpassing consensus at 195K and up from August’s 186K (revised from 190K).
The bearish tone keeps growing bigger around EUR ahead of the upcoming speech by Chairwoman J.Yellen. Data wise in Euroland, consumer prices came in on the softer side, contracting 0.1% on a year to September.
EUR/USD levels to watch
As of writing the pair is losing 0.46% at 1.1196 and a breakdown of 1.1146 (low Sep.28) would expose 1.1105 (low Sep.23). On the other hand, the initial resistance aligns at 1.1281 (high Sep.29) followed by 1.1296 (high Sep.24) and finally 1.1330 (high Sep.21).