5 Aug 2015
EUR/USD spikes to 1.0940 on ADP
FXStreet (Edinburgh) - The single currency has seen its demand suddenly boosted vs. the dollar, lifting EUR/USD to session highs near 1.0940.
EUR/USD stronger post-ADP
The pair has regained the 1.0900 handle and beyond following a lacklustre print from the ADP Employment Change, which showed that the US private sector has added 185K jobs during July, missing estimates at 215K and down from June’s 229K (revised lower from 237K).
Next on tap will be the ISM Non-manufacturing followed by the Trade Balance results, with the deficit expected to have ticked higher to $42.80 billion during June from $41.90 previous.
EUR/USD key levels
As of writing the pair is advancing 0.26% at 1.0910 with the next resistance at 1.0990 (high Aug.4) followed by 1.1080 (high Jul.29) and then 1.1113 (high Jul.31). On the flip side, a breakdown of 1.0848 (low Aug.5) would open the door to 1.0811 (low Jul.11) and finally 1.0789 (low Apr.24).
EUR/USD stronger post-ADP
The pair has regained the 1.0900 handle and beyond following a lacklustre print from the ADP Employment Change, which showed that the US private sector has added 185K jobs during July, missing estimates at 215K and down from June’s 229K (revised lower from 237K).
Next on tap will be the ISM Non-manufacturing followed by the Trade Balance results, with the deficit expected to have ticked higher to $42.80 billion during June from $41.90 previous.
EUR/USD key levels
As of writing the pair is advancing 0.26% at 1.0910 with the next resistance at 1.0990 (high Aug.4) followed by 1.1080 (high Jul.29) and then 1.1113 (high Jul.31). On the flip side, a breakdown of 1.0848 (low Aug.5) would open the door to 1.0811 (low Jul.11) and finally 1.0789 (low Apr.24).