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4 Feb 2015
EUR/USD uninspired by ADP report
FXStreet (Córdoba) - EUR/USD barely reacted to ADP data which showed US private sector added fewer jobs than expected in January.
Ahead of the government nonfarm payrolls to be published on Friday, ADP reported US private sector created 213,000 jobs last month, down from 253,000 in December and below analysts’ expectations of 225,000. However, the dollar was uninspired by data and remained broadly unchanged following the release.
EUR/USD is currently trading at the 1.1450 zone from 1.4445 pre data and still 0.25% below its opening price.
EUR/USD levels to watch
In terms of technical levels, EUR/USD could find immediate supports at 1.1435 (daily low), 1.1400 (psychological level) and 1.1334 (10-day SMA). On the other hand, resistances are seen at 1.1484 (daily high), 1.1500 (psychological level) and 1.1530/33 (21-day SMA/Feb 3 high).
Ahead of the government nonfarm payrolls to be published on Friday, ADP reported US private sector created 213,000 jobs last month, down from 253,000 in December and below analysts’ expectations of 225,000. However, the dollar was uninspired by data and remained broadly unchanged following the release.
EUR/USD is currently trading at the 1.1450 zone from 1.4445 pre data and still 0.25% below its opening price.
EUR/USD levels to watch
In terms of technical levels, EUR/USD could find immediate supports at 1.1435 (daily low), 1.1400 (psychological level) and 1.1334 (10-day SMA). On the other hand, resistances are seen at 1.1484 (daily high), 1.1500 (psychological level) and 1.1530/33 (21-day SMA/Feb 3 high).