30 Oct 2013
EUR/USD eyes 1.3780 on ADP
FXstreet.com (Edinburgh) - The single currency remains unchanged now, taking the EUR/USD to the area of 1.3770/80 after the US ADP report disappointed investors in October.
EUR/USD weaker on data
The ADP report showed that the US private sector created 130K jobs during the month of October, missing the median at 150K and lower than September’s print at 145K (revised from 166K). Next on tap will be the inflation figures in the US economy, with prior surveys expecting the headline CPI to have expanded 1.2% on a yearly basis. Core prices are expected to come in at 1.8% over the last twelve months.
EUR/USD key levels
The pair is now advancing 0.17% at 1.3771 with the next resistance at 1.3818 (high Oct.28) ahead of 1.3833 (2013 high Oct.25) and finally 1.3859 (high Nov.11 2011). On the flip side, a break below 1.3727 (MA10d) would expose the psychological level at 1.3700 followed by 1.3662 (low Oct.22).
EUR/USD weaker on data
The ADP report showed that the US private sector created 130K jobs during the month of October, missing the median at 150K and lower than September’s print at 145K (revised from 166K). Next on tap will be the inflation figures in the US economy, with prior surveys expecting the headline CPI to have expanded 1.2% on a yearly basis. Core prices are expected to come in at 1.8% over the last twelve months.
EUR/USD key levels
The pair is now advancing 0.17% at 1.3771 with the next resistance at 1.3818 (high Oct.28) ahead of 1.3833 (2013 high Oct.25) and finally 1.3859 (high Nov.11 2011). On the flip side, a break below 1.3727 (MA10d) would expose the psychological level at 1.3700 followed by 1.3662 (low Oct.22).