EUR/USD dips further near 1.1220

By FXStreet FXStreet (Edinburgh) – The offered tone around the single currency is intensifying on Wednesday, dragging EUR/USD to test fresh lows in the vicinity of 1.1220.

EUR/USD weaker on ADP, focus on US data

The pair has surrendered further gains in spite of the ADP report showed that the US private sector has created 190K jobs during the last month, missing forecasts for 201K albeit higher than July’s 177K.

The EUR remains under pressure nonetheless, in light of the expected dovish tone at the ECB gathering tomorrow and the forecasted 220K in US Payrolls due on Friday.

EUR/USD key levels

At the moment the pair is losing 0.69% at 1.1235 with the immediate support at 1.1226 (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).
For more information, read our latest forex news. …read more

Source:: FX Street