The Automatic Data Processing (ADP) Research Institute will release the private employment data for February on Wednesday.
The ADP survey is expected to show the US private sector added 150K new jobs in February. Upbeat jobs data in January caused investors to price in a delay in the Fed policy pivot. Wage inflation figures will be watched closely by market participants. The Automatic Data Processing Research Institute will release the private employment data for February on Wednesday.
0950 could be seen as the next resistance ahead of 1.1000 . If the pair returns below 1.0830 and starts using this level as resistance, 1.0800 could be seen as interim support before 1.0700 . Related news USD to hold gains into Wednesday's congressional testimony by Fed Chair Powell – ING Slowing NFP growth could give EUR/USD another chance to have a go at 1.
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