30 Apr 2014
EUR/USD steady after ADP report
FXStreet (Córdoba) - The EUR/USD remained pretty steady near daily highs after ADP data showed US private employment grew more than expected in April ahead of Friday's nonfarm payrolls report.
ADP report showed private sector added 220,00 new jobs in April, beating market’s expectations of 210,000. The greenback strengthened slightly following employment figures with the EUR/USD retreating a few pips to currently trade at the 1.3845 area, still up 0.25% on the day.
The euro strengthened Wednesday, almost completely reversing previous day's losses as Eurozone CPI came in only a tad lower than expected, fueling expectations for another on-hold ECB meeting next week.
EUR/USD technical levels
As for technical levels, on the upside next resistances are seen at 1.3878 (Apr 28 & 29 highs), 1.3900/04 (psychological level/Apr 11 high) and 1.3933 (Mar 19 high). On the flip side, supports could be found at 1.3777 (Apr 30 low), 1.3729 (100-day SMA) and 1.3700 (psychological level).
ADP report showed private sector added 220,00 new jobs in April, beating market’s expectations of 210,000. The greenback strengthened slightly following employment figures with the EUR/USD retreating a few pips to currently trade at the 1.3845 area, still up 0.25% on the day.
The euro strengthened Wednesday, almost completely reversing previous day's losses as Eurozone CPI came in only a tad lower than expected, fueling expectations for another on-hold ECB meeting next week.
EUR/USD technical levels
As for technical levels, on the upside next resistances are seen at 1.3878 (Apr 28 & 29 highs), 1.3900/04 (psychological level/Apr 11 high) and 1.3933 (Mar 19 high). On the flip side, supports could be found at 1.3777 (Apr 30 low), 1.3729 (100-day SMA) and 1.3700 (psychological level).