ADP Employment Change report showed that private businesses added 98,000 jobs in June, compared to analyst forecast of 113,000. Tomorrow, traders will focus on the Non Farm Payrolls report, which is expected to show that U.S. economy added 110,000 jobs in June. The Non Farm Payrolls data will likely have a material impact on forex market dynamics.

In case U.S. Dollar Index settles above 101.15 – 101.30, it will head towards the nearest resistance level, which is located in the 101.85 – 102.00 range. On the support side, a move below the 101.15 level will push U.S. Dollar Index towards the next support at 100.50 – 100.65.

EUR/USD Retreats As Euro Area Inflation Rate Drops To 2.8%