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3 Apr 2013
Forex: EUR/USD eyes 1.2850 after ADP
FXstreet.com (Barcelona) - The shared currency is trading in a better mood on Wednesday, after the ADP report showed that the US economy added 158K jobs during March, noticeable lower than the 200K expected and February’s 237K (revised up from 200K).
Next on tap across the pond will be the ISM Non Manufacturing, ahead of speeches by Fed’s Dudley and Bullard.
EUR/USD is now advancing 0.11% at 1.2835 and the next resistance levels align at 1.2878 (high Apr.2) followed by 1.2890 (MA200d) and then 1.2924 (MA21d).
On the downside, a break below 1.2751 (low Mar.27) would open the door to 1.2730 (low Nov.19) and finally 1.2680 (61.8% of 1.2042-1.3711).
Next on tap across the pond will be the ISM Non Manufacturing, ahead of speeches by Fed’s Dudley and Bullard.
EUR/USD is now advancing 0.11% at 1.2835 and the next resistance levels align at 1.2878 (high Apr.2) followed by 1.2890 (MA200d) and then 1.2924 (MA21d).
On the downside, a break below 1.2751 (low Mar.27) would open the door to 1.2730 (low Nov.19) and finally 1.2680 (61.8% of 1.2042-1.3711).