EUR/USD unchanged post-ADP, around 1.0630

EUR/USD kept the composure in the wake of the release of the ADP report, stying in the red ground around 1.0630/25.

EUR/USD now looks to more US data

The pair remained apathetic despite the US private sector has added 216K jobs during November, more than initially estimated (160K) and up from October’s 119K (revised from 147K).

Spot keeps the negative territory amidst a generalized bid tone surrounding the buck and ahead of the OPEC meeting and subsequent press conference by officials.

Further data in the US docket are next on tap: Personal Income/Spending, inflation figures tracked by the PCE, the Chicago Fed PMI and Pending Home Sales, all preceding the Fed’s Beige Book. In addition, FOMC’s J.Powell (permanent voter, neutral) and Cleveland Fed L.Mester (voter, hawkish) are due to speak

EUR/USD levels to watch

The pair is now down 0.25% at 1.0623 facing the initial support at 1.0515 (2016 low Nov.24) followed by 1.0457 (2015 low Mar.16) and then 1.0332 (monthly low January 2003). On the other hand, a break above 1.0685 (high Nov.28) would target 1.0700 (23.6% of the November drop) en route to 1.0820 (low Mar.10).