EUR/USD weak, around 1.1260

By FXStreet FXStreet (Edinburgh) – The single currency remains entrenched in the negative territory vs. the greenback on Wednesday, sending EUR/USD to test the area around 1.1275/80.

EUR/USD eyes on ADP

Spot has quickly faded the recent spike to tops around 1.1330 on Tuesday and returned to the current 1.1270 area, against a backdrop of a more favourable environment towards the greenback.

Ahead in the session, EMU’s Producer Prices are due (-0.1% MoM exp.), while the more relevant releases await across the pond: ADP Employment Report, Factory Orders and the Fed’s Beige Book. Prior surveys see the US private sector adding 201K jobs during August while Orders are expected to have expanded 0.9% on a monthly basis in July.

EUR/USD key levels

At the moment the pair is losing 0.44% at 1.1263 with the immediate support at 1.1261 (low Sep.2) followed by 1.1207 (low Sep.1) and then 1.1170 (low Aug.31). On the other hand, a break above 1.1320 (high Sep.2) would open the door to 1.1333 (high Sep.1) and finally 1.1364 (high Aug.27).
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Source:: FX Street