ADP forecasts a 693,000 drop in private sector employment, using a new (improved?) method by ADP. They used to undershoot on the number of job losses; beware an overshoot.
Clearly, the market expects a very dire employment report on Friday. so ADP is not all that surprising.
Resistance lies at 1.3650/60 in the near-ter, in EUR/USD. More lies at 1.3710.
