4 Mar 2015
EUR/USD steady after ADP data
FXStreet (Córdoba) - EUR/USD remained steady near daily lows following the release of the ADP employment report, which is a gauge of US private sector payrolls.
ADP data showed US private sector added 212K jobs in February, slightly below the 220K expected and the 250K revised gain printed in January. The dollar barely reacted as the rise was not far off consensus. EUR/USD edged a few pips higher and it is currently trading at 1.1140, still 0.34% below its opening price.
On Friday, the US Government will release the nonfarm payrolls which is expected to show the economy added 240K new jobs in February down from a gain of 257K in January.
EUR/USD levels to watch
As for technical levels, EUR/USD could find next supports 1.1114 (Mar 4 & Jan 23 lows) and 1.1097 (11-year low Jan 26). On the flip side, resistances are seen at 1.1185 (daily high) 1.1217 (Mar 3 high) and 1.1244 (Feb 27 high).
ADP data showed US private sector added 212K jobs in February, slightly below the 220K expected and the 250K revised gain printed in January. The dollar barely reacted as the rise was not far off consensus. EUR/USD edged a few pips higher and it is currently trading at 1.1140, still 0.34% below its opening price.
On Friday, the US Government will release the nonfarm payrolls which is expected to show the economy added 240K new jobs in February down from a gain of 257K in January.
EUR/USD levels to watch
As for technical levels, EUR/USD could find next supports 1.1114 (Mar 4 & Jan 23 lows) and 1.1097 (11-year low Jan 26). On the flip side, resistances are seen at 1.1185 (daily high) 1.1217 (Mar 3 high) and 1.1244 (Feb 27 high).