EUR/USD : The Euro Dollar remains subdued after the ADP and ISM, the FOMC will follow this evening




The pair EUR/USD remains hesitant on Forex after the publication of this afternoon.

The Euro Dollar has evolved since the beginning of the week in a narrow range between 1.1620 and 1.1660, while waiting for the publications of this afternoon.

The ADP report came in above the consensus 235k vs. 200k expected and 110k previously.

The ISM manufacturing index, however, is below expectations at 58.7 against 59.5 expected and 60.8 previously. The component of the job is disappointing also to 59.8 vs. 60.0 expected and 60.3 previously.

On Forex, EUR/USD had fallen under the 1.1620 to save a more intraday low at 1.1605 a result of the ADP, but is currently above the 1.1620, following the publication of the ISM.

The hesitation and the bindings remain in place following the publications of the day, and waiting for the FOMC this evening.

If the Fed does not impact this evening, the expectations of a rate hike for the month of December, we are likely to continue on that tone of consolidation between 1.1580 and 1.1660 waiting for the NFP on Friday.

An output of the range 1.1580 and 1.1660 remains necessary, therefore, to have a possible new direction intraday or very short term.

The pair EUR/USD is currently evolving to 1.1633 on the Forex.

Chart EUR/USD H1

See also our charts EUR/USD in real time.

This chart has been realized with the trading platform TradingStation 2 provided by FXCM France.



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