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4 Feb 2015
EUR/USD bounce capped by 1.1460
FXStreet (Edinburgh) - EUR/USD bounce capped by 1.1460
The shared currency remains in the red territory today with bullish attempts in EUR/USD being so far limited by the 1.1460 area.
EUR/USD eyes on ADP, US data
The pair continues to trade in the mid-1.1400s ahead of the ADP Employment Report due later, with consensus expecting the US private sector to have added
225K jobs during January, lower than the 241K posted in December. In addition, the US Service sector will take centre stage in light of the releases of the ISM Non-Manufacturing and Markit’s Service PMI.
EUR/USD key levels
At the moment the pair is losing 0.26% at 1.1452 facing the next support at 1.1400 (psychological level) ahead of 1.1312 (hourly low Feb.3) and then 1.1280 (low Feb.2). On the upside, the next hurdle lines up at 1.1535 (high Feb.3) ahead of 1.1551 (21-d MA) and then 1.1652 (high Jan.22).
The shared currency remains in the red territory today with bullish attempts in EUR/USD being so far limited by the 1.1460 area.
EUR/USD eyes on ADP, US data
The pair continues to trade in the mid-1.1400s ahead of the ADP Employment Report due later, with consensus expecting the US private sector to have added
225K jobs during January, lower than the 241K posted in December. In addition, the US Service sector will take centre stage in light of the releases of the ISM Non-Manufacturing and Markit’s Service PMI.
EUR/USD key levels
At the moment the pair is losing 0.26% at 1.1452 facing the next support at 1.1400 (psychological level) ahead of 1.1312 (hourly low Feb.3) and then 1.1280 (low Feb.2). On the upside, the next hurdle lines up at 1.1535 (high Feb.3) ahead of 1.1551 (21-d MA) and then 1.1652 (high Jan.22).