- The pair keeps the upper end of the daily range around 1.1650.
- The greenback remains unable to gather traction, stays near 95.00.
- US ADP report missed estimates at 163K in August.
The upbeat tone around the European currency is now firmer and is helping EUR/USD to advance closer to session highs above 1.1640.
EUR/USD now looks to ISM
The pair keeps adding to yesterday’s gains above 1.1600 the figure as the greenback remains on the defensive.
In fact, the buck is under further pressure after ADP report showed the US private sector added 163K jobs during August, less than initially forecasted and down from July’s 217K.
Looking ahead, Initial Claims and the ISM Non-manufacturing are coming up next in the calendar.
EUR/USD levels to watch
At the moment, the pair is up 0.15% at 1.1648 facing the next hurdle at 1.1659 (high Sep.6) seconded by 1.1734 (high Aug.28) and finally 1.1745 (high Jul.31). On the other hand, a break below 1.1508 (low May 29) would target 1.1449 (50% Fibo of the 2017-2018 up move) and finally 1.1299 (2018 low Aug.15).
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