10:54, 05 August
Yesterday's ADP employment data in the US was below market expectations of 330K (Expect: 695K). With the release of data well below expectations, parity rose to the 1.1900 resistance with the conclusion that the recovery in the US economy was not quite as far as needed yet. Subsequently, parity faced selling pressure at this level; It fell to 1.1833 levels with the release of the US ISM Services Industry Index, which was higher than expected. It closed the day at 1.1836, down 0.22%. US Unemployment Claims and External Balance on the Economic Calendar Today The data is important to follow for price movements in the market.
- Resistance: 1.1850 - 1.1900 - 1.1970
- Support: 1.1825 - 1.1775 - 1.1725