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EUR/USD drops further on ADP

FXStreet (Edinburgh) - The European currency is intensifying its daily decline vs. the greenback, with EUR/USD now breaking below the 1.1200 handle.

EUR/USD softer post-ADP

The pair has broken below the 1.1200 critical support after the ADP report showed the US private sector has added 200K jobs during September, surpassing consensus at 195K and up from August’s 186K (revised from 190K).

The bearish tone keeps growing bigger around EUR ahead of the upcoming speech by Chairwoman J.Yellen. Data wise in Euroland, consumer prices came in on the softer side, contracting 0.1% on a year to September.

EUR/USD levels to watch

As of writing the pair is losing 0.46% at 1.1196 and a breakdown of 1.1146 (low Sep.28) would expose 1.1105 (low Sep.23). On the other hand, the initial resistance aligns at 1.1281 (high Sep.29) followed by 1.1296 (high Sep.24) and finally 1.1330 (high Sep.21).

United States ADP Employment Change above expectations (195K) in September: Actual (200K)

United States ADP Employment Change above expectations (195K) in September: Actual (200K)
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US ADP: Private sector added 200K jobs in September

FXStreet (Mumbai) - The data released by the Automatic Data Processing, Inc, (ADP) showed the US private sector added more jobs in September than the consensus estimate. The upbeat data comes two days before the much anticipated monthly non-farm payrolls report in the US.
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