Forex - EUR/USD up in U.S. trading hours

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Forex Pros - The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.


EUR/USD was trading at 1.3864, up 0.63% at time of writing.


The pair was likely to find support at 1.3712, Monday's low, and resistance at 1.3890, today'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 217.00K last month, from 189.00K in the preceding month whose figure was revised up from 187.00K.


Analysts had expected U.S. non-farm employment change to rise 175.00K last month.


Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.27% to hit 0.8493 and EUR/JPY rising 0.41% to hit 113.23.





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