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2 Oct 2013
EUR/USD wavers after ADP report
FXstreet.com (Córdoba) - The EUR/USD initially wavered and finally gained a few pips after data showed US ADP report came in slightly below expectations.
US private-sector employment rose modestly in September, as employers added 166,000 jobs from 159,000 the previous month but missing expectations of 180,000. However, EUR/USD reaction was pretty shy as investors await ECB President press conference.
EUR/USD technical levels
At time of writing, EUR/USD is trading at the 1.3525 zone, virtually unchanged on the day, with immediate resistances lining up at 1.3538 (daily high) and 1.3587 (Oct 1 high) followed by 1.3600 (psychological level), while supports are seen at 1.3507 (daily low) and 1.3500(psychological level) ahead of 1.3476 (Sep 30 low).
US private-sector employment rose modestly in September, as employers added 166,000 jobs from 159,000 the previous month but missing expectations of 180,000. However, EUR/USD reaction was pretty shy as investors await ECB President press conference.
EUR/USD technical levels
At time of writing, EUR/USD is trading at the 1.3525 zone, virtually unchanged on the day, with immediate resistances lining up at 1.3538 (daily high) and 1.3587 (Oct 1 high) followed by 1.3600 (psychological level), while supports are seen at 1.3507 (daily low) and 1.3500(psychological level) ahead of 1.3476 (Sep 30 low).