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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).

US: ADP Employment Change fell to 158K in March

According to the ADP report, the US private sector added 158K jobs during March, sensible lower than February’s 237K (revised up from 198K) and the 200K expected...
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