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2 Sep 2015
EUR/USD stuck around 1.1260
FXStreet (Edinburgh) - The European currency is now trading in a narrow range vs. the US dollar, with EUR/USD meandering around 1.1260.
EUR/USD in red ahead of ADP
The pair keeps the negative tone on Wednesday around the mid-1.1200s ahead of the ADP Employment Report due in the US economy later. Market consensus expects the US private sector to have created 201K during August vs. 185K seen in the previous month.
In the meantime, spot keeps the consolidative pattern around current levels, recovering from last week’s lows in the mid-1.1100s, looking to a major catalyst in order to break the pattern either way (ECB? Payrolls?).
EUR/USD key levels
At the moment the pair is losing 0.43% at 1.1265 with the immediate support at 1.1242 (low Sep.2) followed by 1.1207 (low Sep.1) and then 1.1170 (low Aug.31). On the other hand, a break above 1.1320 (high Sep.2) would open the door to 1.1333 (high Sep.1) and finally 1.1364 (high Aug.27).
EUR/USD in red ahead of ADP
The pair keeps the negative tone on Wednesday around the mid-1.1200s ahead of the ADP Employment Report due in the US economy later. Market consensus expects the US private sector to have created 201K during August vs. 185K seen in the previous month.
In the meantime, spot keeps the consolidative pattern around current levels, recovering from last week’s lows in the mid-1.1100s, looking to a major catalyst in order to break the pattern either way (ECB? Payrolls?).
EUR/USD key levels
At the moment the pair is losing 0.43% at 1.1265 with the immediate support at 1.1242 (low Sep.2) followed by 1.1207 (low Sep.1) and then 1.1170 (low Aug.31). On the other hand, a break above 1.1320 (high Sep.2) would open the door to 1.1333 (high Sep.1) and finally 1.1364 (high Aug.27).