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1 Apr 2015
EUR/USD tests 1.0800 post-ADP
FXStreet (Edinburgh) - The shared currency saw its buying interest renewed following the ADP release today, lifting EUR/USD to another test of the 1.0800 handle.
EUR/USD stronger on weak ADP
The pair quickly advanced to the vicinity of the key barrier at 1.0800 after the ADP report informed that the US private sector created 189K jobs during March, missing the median at 225K and lower than February’s 214K (revised from 212K).
The pair reacted accordingly, extra-fuelled by expectations that Friday’s Non-farm Payrolls could also disappoint investors.
EUR/USD relevant levels
At the moment the pair is advancing 0.47% at 1.0783 with the next up barrier at 1.0801 (high Apr.1) ahead of 1.0846 (high Mar.31) and then 1.0900 (high Mar.30). On the downside, a breach of 1.0713 (low Mar.31) would aim for 1.0688 (61.8% of 1.0457-1.1062) and finally 1.0618 (low Mar.19).
EUR/USD stronger on weak ADP
The pair quickly advanced to the vicinity of the key barrier at 1.0800 after the ADP report informed that the US private sector created 189K jobs during March, missing the median at 225K and lower than February’s 214K (revised from 212K).
The pair reacted accordingly, extra-fuelled by expectations that Friday’s Non-farm Payrolls could also disappoint investors.
EUR/USD relevant levels
At the moment the pair is advancing 0.47% at 1.0783 with the next up barrier at 1.0801 (high Apr.1) ahead of 1.0846 (high Mar.31) and then 1.0900 (high Mar.30). On the downside, a breach of 1.0713 (low Mar.31) would aim for 1.0688 (61.8% of 1.0457-1.1062) and finally 1.0618 (low Mar.19).