EUR/USD recovered the 1.1800 level and is now pressuring daily highs at 1.1880 after the US ADP employment survey printed at 167K in July, much worse than anticipated. The pair en route to test the 1.2000 figure on broad dollar’s weakness, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “The US just published the ADP Employment Survey, which printed just 167K, much worse than the 1.5 million expected. Equities pared their rally, but the dollar remained under pressure across the board. Still pending of release are the final version of the July Markit Services PMI and the official ISM Non-Manufacturing PMI for the same month.” “In the 4-hour chart, the price has overcome its 20 SMA, which remains flat, although technical indicators head firmly higher within positive levels, somehow anticipating additional gains ahead.” “The key is 1.1908, the multi-year high set this month. Gains beyond the level should see the EUR/USD pair approaching the 1.2000 figure in the upcoming sessions.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Price Analysis: BTC/USD resumes the recovery, $12,000 back in focus FX Street 2 years EUR/USD recovered the 1.1800 level and is now pressuring daily highs at 1.1880 after the US ADP employment survey printed at 167K in July, much worse than anticipated. The pair en route to test the 1.2000 figure on broad dollar’s weakness, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “The US just published the ADP Employment Survey, which printed just 167K, much worse than the 1.5 million expected. Equities pared their rally, but the dollar remained under pressure across the board. Still pending of release are the final version of the July Markit Services PMI and the official ISM Non-Manufacturing… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
