EUR/USD tumbles to lows near 1.1060

A bout of buying interest around the dollar has dragged EUR/USD to post fresh session lows in the 1.1060 area.

EUR/USD now looks to ADP

The pair is now looking to recover the ground lost ahead of the key ADP report due later in the NA session. According to market consensus, the US private sector would have added 159K jobs during June.

In the meantime, spot keeps its upside limited around the ley 200-day sma near 1.1100 the figure, as risk-on sentiment now seems to have ebbed somewhat.

EUR/USD levels to watch

The pair is now losing 0.22% at 1.1075 and a break below 1.1029 (low Jul.6) would open the door to 1.0913 (post-Brexit low Jun.24) and then 1.0820 (low Mar.10). On the other hand, the initial resistance aligns at 1.1171 (base of the 6-month rising channel) ahead of 1.1184 (high Jul.5) and then 1.1262 (55-day sma).