Forex Pros – pros - The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on ADP Nonfarm Employment Change.
EUR/USD was trading at 1.4358, up 0.27% at time of writing.
The pair was likely to find support at 1.4222, today’s low, and resistance at 1.4579, Monday’s high.
Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 157K last month, from 36K in the preceding month whose figure was revised down from 38K.
Analysts had expected U.S. non-farm employment change to rise 60K last month.
Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.45% to hit 0.8988 and EUR/JPY rising 0.65% to hit 116.62.
Forexpros - Forex Pros offers a diverse set of professional tools for Forex, Futures and CFDs. These include real-time data streams, technical and fundamental analysis by in-house experts, and a widely used economic calendar and Forex News.
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The pair was likely to find support at 1.4222, today’s low, and resistance at 1.4579, Monday’s high.
Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 157K last month, from 36K in the preceding month whose figure was revised down from 38K.
Analysts had expected U.S. non-farm employment change to rise 60K last month.
Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.45% to hit 0.8988 and EUR/JPY rising 0.65% to hit 116.62.
Forexpros - Forex Pros offers a diverse set of professional tools for Forex, Futures and CFDs. These include real-time data streams, technical and fundamental analysis by in-house experts, and a widely used economic calendar and Forex News.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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